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Davaasuren
Davaasuren, 39, lives with her husband, son and mother in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. She has been babysitting one company's CEO's child since 2009. Her husband has been rendering taxi services to local people for many years and has accumulated a vast amount of experience. Her son studies at an agricultural university. Her mother has retired from work and gets a state pension. The house they live in has deteriorated over the years and needs some serious repair. Therefore, she is requesting a loan of 5000000 MNT to purchase building and insulation materials such as bricks, cements, planks, fiberglass and foam. Using these materials, she and her husband can repair and insulate their house. The renovated house will enable the family to reduce their coal consumption, release less pollutants, thereby contributing to efforts against air pollution. The borrower is a very hardworking individual who strives for a better future.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,434.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $3,500 helped Davaasuren to purchase building and insulation materials.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Expired:
Jun 29, 2013