Funded

Total loan: $4,850
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Damdindorj

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $4,850 helped to purchase building and insulation materials.


Damdindorj's story

Mr. Damdindorj, 28 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land.

He has been transporting goods between provinces for two years. Last year he built a house on his land but couldn't move into the new house because of its vulnerable walls and floor. However, due to climate change, the Mongolian winter period is extended and he fears his family will be chilled down to their cores as next winter comes.

So, he is requesting a loan of 6,800,000 MNT to purchase building and insulation materials such as bricks, cements, fiberglass and foam. Using those materials, he can repair and make insulation for his house, thus providing more comfortable and warmer accommodation for his family members because a good quality house is advantageous in many ways compared to a Mongolian traditional ger which is mainly made of felts. More importantly, the renovated house will contribute to the efforts against air pollution because the family will burn less coal thus releasing less smoke into the atmosphere. The borrower is a very hardworking individual who strives for a better future.



Loan details

Loan length:

21 months
Disbursed date: April 24, 2013

Lenders and lending teams



Loan details

Loan length:

21 months
Disbursed date: April 24, 2013