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Batsaikhan, aged 31, is a geologist and has been working according to his major in a private company for a decade. Batsaikhan lives with his wife and his two children in his common apartment which is in Ulaanbaatar, the capital city of Mongolia. He is requesting a loan to repair his apartment. His family has been living in this apartment for many years and usually can’t completely renovate it.

Batsaikhan will use his loan to replace the dated wooden floor and windows and replace wall insulation with new insulation due to too much heat loss and emission through them. In winter, he uses a water-heated furnace to stay warm at home. It takes too much water and is very wasteful of water. As he said, "if I can make my planned repairs, my cost of heating will be cut notably and it will be one of my contributions to the environment".

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,875 helped Batsaikhan to repair his apartment.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 29, 2012
Jul 9, 2012
Currency Exchange Loss:
Aug 8, 2012