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Davaadorj
Davaadorj is 26 years old and lives with his wife and daughter, who is 3 years old. The family lives in Dornod, an eastern province of Mongolia. He has been working as a police officer the last seven years. His wife is a contract worker in the national registration office. In 2009, he purchased a plot of land and built his own home. But the fences along the sides of the house have been damaged over time. Also, the house needs some interior renovation and a new furnace. So, he is requesting the loan of 1500000 MNT to buy a furnace, textiles and planks. As a result, he can repair his house and it will enable the family to live in a comfortable place. Also, the house won’t lose its heat so the family will burn less coal, contributing to environmental improvement.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Davaadorj to buy a furnace, textiles and planks for his house.
54% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible