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Dashdavaa
Mr. Dashdavaa, 20 years old, lives with his parents in Darkhan, the second largest city in Mongolia. He has been rendering taxi services to local people since 2011 and is contributing to the family’s income. His mother sells dairy products at a lower price than market price. His father travels a lot because of his profession as a building engineer and is currently working in Ulaanbaatar, the capital city of Mongolia.

He is requesting a loan of 4,000,000 MNT to purchase building materials such shingles, bricks and planks in order to upgrade the house roof. The house roof has deteriorated over the years due to strong wind and snow, and it is the main gateway for heat loss from the house. So changing the roof will stop heat loss, and thus enable the family to burn less coal for heating.

This will have a positive impact on the environment, as fewer air pollutants will be released into the air.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,448.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,775 helped Dashdavaa to purchase shingles, bricks and planks.
41% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible