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Battulga
Battulga is 33 years old and lives with his wife and 2 children in Darkhan, the second largest city of Mongolia. Currently they live in a rented apartment.

He has been running a taxi business since 2008 and works on contract with a taxi company. His wife works as a salesperson at a building materials sales shop. His elder son goes to secondary school and the younger daughter attends a kindergarten.

In 2000, the Mongolian parliament adopted a new land law according to which every Mongolian citizen who reached 18 was allowed to obtain a 0.07 hectare plot of land free of charge. Battulga recently has obtained a license on his land and now he is planning to build a fence around it. In the future, he is planning to build a family house on his land.

The loan Battulga is taking will be used to buy enough wood planks to build a fence around his land and to pay for labor costs.

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 Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,369,125
    Funds lent in using Kiva
  • 1,262.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Battulga to buy enough wood planks to build a fence around his land and to pay for labor costs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2011
Listed
Jun 24, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 16, 2012