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Bat
Mr. Bat is 30 years-old. He is a taxi driver who lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. Last April, he bought a new car for his business from another loan and he repaid it successfully and on time. He had been paying MNT37,700 everyday to the lender and now he has been saving this amount of money everyday due to having finished that loan.

Recently, he purchased a small sized piece of land in a suburb and he must build a timber fence there. Therefore, he requested a loan to purchase some timbers to build a fence for his land. Currently, this family lives in a ger, a Mongolian nomadic tent. They plan to build a house on their land after the fence is built.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,235.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Bat to purchase some timber to build a fence for his land.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Aug 31, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012