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Dorjpagam
Dorjpagam, 27 years old, lives with her husband in an old house on a plot of land in Ulaanbaatar, the capital city of Mongolia. She began her career by working as a receptionist at a private firm in 2006 and in seven years she became human resources manager. Her husband has the position of project manager and works in a building company. The house the couple lives in has been deteriorating over the years and it needs some serious repair as winter approaches. So she is requesting a loan of 5,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and foam. Using those materials, she and her husband will make renovations to their house, thus creating a comfortable and warm place where they don't need to burn much coal for heating. The burning of coal is considered to be the main source of air pollution in Mongolia according to the latest research.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,950 helped Dorjpagam to purchase building and insulation materials.
73% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
Possible