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Batbayar
Mr. Batbayar, 25 years-old, sells second hand mobile phones and their spare parts from his rental stall in the phone mart. He started his business five years ago and he already has had some regular customers. He is divorced from his wife and now lives with his daughter and his mother in the ger district, an area of the city with no running water, minimal roads and spotty electricity in Ulaanbaatar, the capital city of Mongolia.

His family owns an old house which was built many years ago. Since it was built, there has not been any complete renovation to it. In winter, his house has too much heat-loss through its roof. He uses the coal-fired stove to warm the rooms but this creates harmful smoke in the air all around the city. As we are aware, air pollution is one of the critical and biggest issues in Mongolia and all over the world. Therefore, he has decided to decrease his usage of the coal and repair his house roof. He is asking for a loan for iron boards and some other building materials to repair his house roof.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Batbayar to repair his house roof.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013