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Dulguun
Mr. Dulguun, 21, lives with his grandmother on their plot of land with a ger (a traditional Mongolian yurt) in Darkhan, the second largest city in Mongolia. Since last autumn, just after he graduated school, he has been working as a watchman in the metallurgy factor.

His grandmother is aged and in the winter time she always feels cold in her ger. Therefore, her grandson Dulguun decided to have a small house for them. He is planning to build his house this spring and summer. Also he has a plan of making insulation for the walls. As he said, it is very important and beneficial to cut the smoky coal usage in the winter time. It is also a good contribution to reducing the air pollution around the city.

It will cost about 1,300,000 MNT to buy the building materials for his new house. The loan he is taking will be dedicated to building a small house.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Dulguun to build a small house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012