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Dorj
Mr. Dorj is 54-years-old. He lives with his wife in Ulaanbaatar, the capital city of Mongolia. He has been working as a driver for one of Mongolia's main political parties since 2005. His wife has been selling furniture and curtains to local people by renting stall at trade center.

The house they live in has deteriorated over the years and is in need of serious repair. Mr. Dorj is requesting a loan of 3,500,000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass and foam.

Using these materials, he will repair and insulate his own house, making it more comfortable and warmer. The renovated house will enable the family to burn less coal and release less pollutants into air, contributing 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 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,520.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,325 helped Dorj to purchase building and insulation materials.
98% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013