Update on DolgorDolgor is 54 years old and married. She lives in Ulaanbaatar, the capital of Mongolia. They live in a Mongolian traditional ger (portable felt dwelling) on a plot of land. She sells building materials to local people by renting a stall in an outdoor market, which she has been doing for 15 years. Before becoming a retailer, she worked in kindergarten, educating children. Her husband is a self-employed photographer.
Dolgor is requesting a loan for 2,400,000 MNT, which she will use to buy building materials in large quantities.
Previous Loan DetailsMrs. Dolgor, 53, is seller of building materials in a bazaar in a suburban district of Ulaanbaatar, the capital city of Mongolia. She has been running her sales-point for over 14 years non-stop. Dolgor lives with her husband in the "ger" district, living in a Mongolian traditional nomadic tent. ... More from Dolgor's previous loan »
About Credit MongolCredit 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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This loan has been fully funded!