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Chuluunbaatar
Chuluunbaatar, 30, is a driver and he has worked as a driver in the petrol company since 2010. His wife works as an assistant teacher in the college. He lives with his family 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 two children always got sick in winter due to the cold at home. His house was built many years ago and it has been bad lately. In winter it has drafts and Chuluunbaatar uses the coal-fired stove to warm his house. This is bad for the health of his family members and the environment.

He has been building a new family house in his land plot since last year. For this winter, he wanted to install an electric heating panel to the floor of his new house and he hopes it will be economical and healthy for the environment.

The loan he is taking will be used to cover the cost of an electric floor-heating panel.

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
  • $15,401,550
    Funds lent in using Kiva
  • 1,355.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,850 helped Chuluunbaatar to cover the cost of an electric floor-heating panel.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014