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Batbileg

Update on Batbileg

Batbileg wants to assist his younger brother to pay his school fee. His younger brother Erdenbaatar studies as a human resource manager in Mongolian State University of Education. Erdenebaatar has a plan to establish his own human-resource agency which is a professional job. He needs to graduate from school successfully first. It is one of his biggest wishes and plans of life he said. Therefore, his good brother Batbileg is taking a loan to assist his younger brother in paying his school fees so he can successfully graduate.

Previous Loan Details

Mr. Batbileg, 34, is an accountant in a military unit of the Mongolian Armed Forces. He has been working as an accountant for twelve years and lives with his son and wife in Kherlen, a western boundary town of Mongolia. His family owns a house which was built long before they moved into it. L... More from Batbileg's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Batbileg to assist his younger brother in paying his school fees.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012
This photo was used before for a previous loan for Batbileg. It was first posted on Kiva on Nov, 2011. Learn More