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Naidan
Mr. Naidan, 66 years old, lives with his elder son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. He has been working in the construction field for over thirty years and has accumulated a vast amount of experience. Four years ago, he began running his own building company. His company's service is known to be good and high-quality. Before he started his own business, he had a position as a construction engineer at a private business entity. His son now works for his company, as chairman of the construction team.

This year, Mr. Naidan's son's house burned down. The roof part has been completely removed, due to its not being re-usable. So he is requesting a loan of 4,000,000 MNT, which he will use to purchase building materials, such as roofing shingles, vacuum-insulated windows, and bricks. Using these materials, he can repair his son's house and restore it to its original state, in no time. As a result, his son will be able to live in a comfortable and warm place. The borrower is a very hardworking individual, who strives for a better future.

Additional Information

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,800 helped Naidan to purchase building materials.
95% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014