A loan of $3,950 helped to purchase building and insulation materials.


Davaajav's story

Davaajav, 49, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. The family resides on a plot of land in their own house which was built with loan funds. Davaajav's wife has been sewing deel (a Mongolian traditional costume) at home for 14 years. His second son lives on his own, and his youngest son now studies at university. Davaajav himself has been running a transportation business using his own truck since 2008 and accumulated vast amounts of experience. He is requesting a loan of 5500000 MNT to purchase building and insulation materials such as fiberglass, cotton, foam, bricks and planks. During this period of time, the price of building and insulation materials reaches its lowest level and buying them now will save him a considerable amount of money. Using those building and insulation materials, he will build his own house which will enable the family to burn less coal in comparison with a Mongolian traditional ger (portable felt dwelling). During winter times, especially last winter, family members are chilled to their core due to strong snow storms blowing walls and frost forming between felt layers of their ger. So, building a house is the best way of staying warm during the cold winter and, more importantly, of reducing coal usage to contribute to the efforts against air pollution. The borrower is a very hardworking individual who strives for better future.



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Loan details