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Dulamsuren
Dulamsuren is 25 years old and lives in Ulaanbaatar, the capital of Mongolia, with her dad and brother. Since last year she has been employed as a vendor in the supermarket. Her dad is retired; her brother works as a fireman in the airport.

They own an old house that was built a long time ago. It has never had an overhaul since it was built. In winter, her old house loses heat, and smoke from heating escapes, through the roof and walls. She and her brother together made a small repair, but still it is happening. So she wants to have professional builders make the repairs before this coming winter.

For many years, her family has burned too much coal and other kind of fuels just to stay warm at home in winter. She knows it is the worst thing for their health and the environment. The loan she is taking will be dedicated to buying the building materials to install insulation and repair the walls and roof of her house, and cover the cost for hired builders.

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 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Dulamsuren to buy building materials to insulate and repair her old house and cover the cost for hired builders.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 21, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014