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Dulamsuren
Mrs. Dulamsuren, 53 years old, lives with her husband in Darkhan, the second largest city of Mongolia. The family resides in their own house on a plot of land. Her two children live separately from their parents and are both married. Her husband has been running his excavator renting business since 1998. From March to October, her husband rents his excavator to others. She herself has worked at a flour mill since 1980. In 1995 the flour mill stopped its operation so she lost her job. In 2008, she began working as a distribution manager at a private business entity and also works as a manager at a foreign language learning center. The house they live in has deteriorated over the years so she is requesting a loan of 6800000 MNT to renovate and insulate her house by purchasing necessary construction materials such as bricks, press board and cotton. As a result, the family can live in a comfortable and warm place. An insulated and renovated house doesn’t lose heat thus reducing the consumption of coal. Decrease in coal usage in one household is a significant contribute to the efforts against air pollution.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,925 helped Dulamsuren to purchase construction materials.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2015