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Update on Delgermaa

Delgermaa, 28, is a Korean translator and she has been working in a translation bureau since 2007. Her husband works as a butcher in the supermarket. They live with their kids in an old house which was built at the end of the socialist era in Mongolia. Since then, it has not had any major repairs or plasterwork inside. In the winter, her house becomes cold and experiences heat loss through some areas. The roof is made of lead and is bad and old, causing heat loss, emissions and water droplets. The walls and the door of her house have also been damaged and become very bad.

Because of this, Delgermaa is planning to replace them all. She will make the wall insulation using foam, sand and cement and install a new wooden door. Then she will replace the roof with a metal board one. Altogether, it will cost about 4,500,000 MNT in the construction materials markets in Mongolia. She totally believes her family can live comfortably and stay warm at home in winter after the repairs. She is requesting a loan to buy the building materials including the metal board roof, the wooden door and the wall insulation materials for her home repair.

Previous Loan Details

Mrs. Delgermaa, 27 studies Korean and has the translation business. She lives with her husband and her daughter in the slum district of Ulaanbaatar, the capital city of Mongolia. Delgermaa usually makes the interpretation by USD 5-7 in an hour and sometimes her job line is cut during many days. ... More from Delgermaa's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,375 helped Delgermaa to buy the building materials including a metal board roof, a wooden door and wall insulation to repair her house.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 23, 2012
Jul 27, 2012
Currency Exchange Loss:
Sep 17, 2014