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Zorigtbaatar
Zorigtbaatar, 32, lives with his two daughters and wife in the house of his relative.

He is a lawyer and new in this field. Zorigtbaatar started his career just last year and currently he is working as a lawyer in a non-government organization that runs a legal consulting service.

In winter time, his family lives in a winter house that is located in the slum district of Ulaanbaatar, the capital city of Mongolia. But the house is becoming old and it has been losing heat lately.

He decided to make a renovation and insulate the walls of the house because Mongolian winter is freezing cold and unhealthy to live in. Also there will be no heat loss after the making insulation, so it will be beneficial for the spending of fuel or firewood.

Therefore he is requesting a loan to purchase some building materials to renovate and insulate his house.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,249.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Zorigtbaatar to purchase some building materials to renovate and insulate his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2011
Listed
Sep 20, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012