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Davaajav
Davaajav, 47 is a freight transportation driver and he has been doing this job for 3 years.

He lives with his wife and 3 sons in the slum district of Ulaanbaatar, the capital city of Mongolia. Davaajav's wife makes traditional Mongolian garb. They both are hard workers who try to improve their life day by day.

They live in a ger, a traditional Mongolian nomadic tent. But it is a little bit cold and uncomfortable for such as big family.

Davaajav had planned to start a house building project before this winter. But due to a lack of money to purchase building materials, he is requesting a loan. He plans to install a smokeless-heating system in his dream house. He says it is more beneficial for the environment.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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 Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,263.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Davaajav to purchase building materials to build his dream house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Sep 27, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012