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Dolgorsuren
Dolgorsuren, 44 years old, lives with her son in Erdenet, the third-largest city in Mongolia. Her elder son studies at university in Ulaanbaatar, the capital city of Mongolia. Her younger son goes to high school and, this year, he will take the university entrance exam.

Dolgorsuren herself has been selling clothes to local people since 2006 and before this business she worked at a private business entity. She travels to Ereen city--a border city between Mongolia and China--in order to bring her goods.

The apartment they live in has been deteriorating over the years and in winter time, the strong wind and storms seep through walls and chills the family members down to their cores. So she is requesting a loan of 3,100,000 MNT to purchase building and insulation materials such as fiber glass, bricks, planks and cement. As a result, she and her son will be able to live in comfortable and warm place, preventing heat loss through the walls and window. After losing her husband to an industry accident, Dolgorsuren is working so hard to raise her sons well.

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
  • 1,389.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,250 helped Dolgorsuren to purchase building and insulation materials such as fiber glass, bricks, planks and cement.
90% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014