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Mrs. Dorjpagma is widowed and a pensioner. She had worked as a merchant in a state organization for many years before she retired. Now she lives with one of her daughters and her nephew in her apartment which is located within the boundaries of Ulaanbaatar, the capital city of Mongolia.

Her apartment has become very old and uncomfortable to live in. It was built about 40 years ago and all of its decoration and window insulation have disappeared now. Heat loss happens all the time in winter. Therefore, she decided to make the necessary adjustments to her apartment with hired workers. With the loan, she will purchase some building materials to make the improvements to her apartment and to pay the salary for jobbers.

Additional Information

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,338.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Dorjpagma to purchase some building materials to make improvements to her apartment and to pay the salary for jobbers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 18, 2011
Dec 2, 2011
Currency Exchange Loss:
Jun 15, 2012