Funded

Total loan: $2,700
Powered by 90 lenders

Dorjderem

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $2,700 helped to purchase necessary construction materials.


Dorjderem's story

Borrower Dorjderem is a 31-year-old man who lives with his family in an outer ger district without basic infrastructure in Ulaanbaatar city, Mongolia. He has a son and daughter, aged 3 and 9, and an elder son who attends a local secondary school. Dorjderem’s spouse supports her family by running a taxi business.

Since 1998, when he graduated high school, he has been working in border troops general staff. Therefore, Dorjderem is very experienced with border troops. The family lives in a worn-out small ger, a traditional Mongolian felt tent, and it’s quite uncomfortable to live in with his family. Therefore, he decided to build a new small house on his own land plot, where fundamental work is already done. Today, he can’t finish his housing project because he doesn't have enough money to purchase essential construction materials.

So he is requesting a 3,500,000 MNT (Mongolian Tugriks) loan to purchase necessary construction materials, such as wood, paint, over proof, etc. He wants to finish the construction project before December, since winter temperatures in Mongolia finish off at minus 400 degrees. Thereupon, Dorjderem desires to make a better and cozy living condition for his family. To run a taxi is very difficult for women and Dorjderem builds his house alone without any help from others. It proves that both Dorjderem and his wife are real hardworking people.



Loan details

Loan length:

20 months
Disbursed date: October 26, 2011

Lenders and lending teams



Loan details

Loan length:

20 months
Disbursed date: October 26, 2011