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Chinbat
Mr Chinbat, 40, is a musician who plays the violin in a drama theatre. His wife works with him and plays other instruments. They have both been doing their jobs for 19 years. Now he lives with his family in an apartment, which he bought recently. It is located in the boundary district of Ulaanbaatar, the capital city of Mongolia. The apartments were built in the socialist era and they have not been repaired or renovated since they were built. Most of their rooms suffer from heat loss, emissions and lack of repair. In winter, his family feels very cold and they always have colds and flus due to heat loss through the walls and windows.

As a result, Chinbat has decided to make repairs to his apartment. At first he will insulate the walls and replace some of the old, damaged windows. Now he needs about 2,600,000 Mongolian tugriks (MNT) to cover the cost of the insulation materials such the foam, cement and rock wool. Please help his family to stay warm in winter.

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 Mongolia

  • $5,900
    Average annual income
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,353,325
    Funds lent in using Kiva
  • 1,337.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,950 helped Chinbat to cover the cost of insulation materials for his apartment such foam, cement and rock wool.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2012
Listed
Jul 11, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014