Funded

Total loan: $1,800
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Otgontsetseg

Mongolia
Darkhan, Mongolia / Personal Housing Expenses

A loan of $1,800 helped to purchase building materials and pay for well-digging and to grow vegetables.


Otgontsetseg's story

Mrs. Otgontsetseg, 49 years old, lives with her husband and two children in Darkhan, the second largest city of Mongolia. The family resides in their own house on a plot of land. She and her husband are milliners and since 2005 they have been manufacturing and selling hats to local people. They make various types of hats such as sable hat, hats for artists and fur caps.

The external parts of house the family lives in has been deteriorating over the years and needs some repair. Also, in order to grow vegetables on their fenced land, she wants to dig a well. So she is requesting a loan of 2,500,000 MNT to purchase building materials such as bricks and cements to repair the house and pay for well-digging.

As a result, the house won't lose heat through its outer walls and windows; also the family will burn less coal, emit less smoke and contribute to cleaner air. More importantly, digging the well and growing vegetables will contribute to the efforts against air pollution greatly. The borrower is a very hardworking individual who strives for a better future.



Loan details

Loan length:

26 months
Disbursed date: April 5, 2013

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: April 5, 2013