Check out some available loans that are similar to this one!
Batmunkh
Batmunkh is 32 years old and lives with his wife Oyunsuren and two children aged 5 and 3 in Ulaanbaatar, the capital city of Mongolia. The two children attend a local kindergarten. Batmunkh is an engraver who specializes in making different religious sets and souvenirs, etc. and sells some of them in State department stores. Some of the items he sells at the Narantuul, the biggest outdoor market in Ulaanbaatar city.

He started his craft in 1996. His products that commemorate Christ’s birth as well as Buddhist and Shaman items are in good demand from the customers and sometimes he makes things for clients to order. Batmunkh’s future plan is to have his own workshop and to teach his skill to the children. His wife Oyunsuren is a fashion designer and tailor. She makes various clothing according to her own design and sells them on the Narantuul market.

Batmunkh is hardworking, self confident, and an open-minded person. Two years ago he bought a plot of land and a house but could not make any renovations to the house. The loan which he is requesting will be used for renovation and decoration of the house. He intends to invest some of the money in his and his wife’s business, increasing her working capital.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Batmunkh renovation and decoration of the house, also to increase his and his wife's working capital.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2010
Listed
Sep 12, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011