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Dulamsuren

Update on Dulamsuren

Mrs. Dulamsuren, 54 years old, lives with her son in Ulaanbaatar, the capital city of Mongolia. She has been working as an educational manager since 2006 at a special school for children with dysphasia.

Using her previous loan, Dulamsuren insulated her house walls and installed electric heating in the floor. Now she is requesting a loan of 3000 USD to repair the roof, after which the house will be protected against snowfall and rain droplets. Also during winter time, she will be able to further reduce coal usage for heating, thereby releasing less pollutants into the air.

Previous Loan Details

Dulamsuren is 52 years old and lives with her son in their four-room house in Ulaanbaatar, Mongolia. She has been working as an education manager for 6 years in a special training school for children with dysphasia. Her eldest son works in Korea as a contract worker. Her younger one is a journ... More from Dulamsuren's previous loan »

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Dulamsuren to repair the roof of her house.
40% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
N/A