Recently, I loaned to a woman named Chuluun who lives in Mongolia. She wanted to install a hardwood floor into her house in order to burn less coal for heat.

The reason that I donated to Chuluun was in part because it goes along with another project that our class is doing about biodiversity. Furthermore, the repayment term was monthly, which means that we get a little bit of our money back every month that we can loan back out again to other people. In addition, the delinquency, loans at risk and default rates are all at 0.00% which is great. This is good because it means that we don’t have to worry about losing any of our money in the transfer with the bank. Overall, this is was a great loan.

By: Evan C.

Edited By: Sydney P.