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Batsuren
Batsuren is 39 years old and he lives with his wife and 2 daughters in a rental apartment in Ulaanbaatar, the capital city of Mongolia. He runs a small construction company and has been working since 2009. He hires a few builders and pays their benefits from his profits as he can. His company has done many external and internal building jobs since it was established 3 years ago.
His renting apartment is bad, small, and uncomfortable, so he has decided to build his family a house in the ger district (a ger is a Mongolian traditional nomadic yurt) in the city area. It will have a foam insulation wall. He thinks this will reduce the heat loss and emissions and won’t use much coal fuel. Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40C (-40F) even in the cities. Also, in winter, many parts of the country are extremely cold and are known to have snowstorms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. Also, the extremely toxic smoke from cars is one of the main causes of Mongolian hard air pollution. In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss, improve heating systems, and enables them to buy cars which run on natural gas. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Batsuren is taking will used to buy wall insulation materials such as the foam boards, rock wool, and bricks.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,775 helped Batsuren to buy wall insulation materials such as foam boards, rock wool, and bricks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012