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Jadambaa
Jadambaa is 57 years old, and lives with his wife and two daughters in Ulaanbaatar, the capital of Mongolia. They live together in a house that they built recently. His oldest daughter Oyunbileg, 32, graduated her university in Germany and works at Mongolian international airport as a foreign relations officer and his youngest daughter Anand, 18, attends a local secondary school. Jadambaa has worked at Mongolian Airlines as a storekeeper since 2002. He built a house by using his salary after he purchased his apartment. He is a very hardworking person who has good communication skills. He is requesting a loan to purchase constructiion materials to fix his house.

Additional Information

About Credit Mongol

Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,200.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Jadambaa to purchase construction material to fix his house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 13, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011