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Batchuluun

Update on Batchuluun

Mr. Batchuluun, 52, is one of the skillful drivers of Mongolia. Since 2008, he has been operating a taxi business and before that, he worked as a driver in the state organization. Currently he lives with his wife and his 2 children in his house in the ger district: Mongolian traditional yurts and cheap houses on the boundary of Ulaanbaatar, which is the capital city of Mongolia.

Batchuluun is a kind of preservationist man and he always cares about the environment. This time he is requesting a loan to repair the inside of his house and his low-pressure furnace in order to cut heat loss and emissions. He really worries that he uses too much coal and wood just to get his house warm inside. He has decided to cut his usage of fuel.

With this loan, he will make wall insulation and renovate the wall borders. He believes his house will be warmer and more comfortable after the repairs. The loan he is taking will be dedicated to pay for his house and furnace repairs to reduce his home's usage of fuels. In addition, he will plant woods in his backyard unless his expenses meet his loan amount.

Previous Loan Details

Batchuluun is a 50-year-old man who lives with his wife and five children in Ulaanbaatar (the capital city of Mongolia). His two eldest daughters are married but live in their parent’s house. The next daughter, Batchimeg, is a 20-year-old college student. Batchuluun’s eldest son, Amartuvshin, 18 ... More from Batchuluun's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,050 helped Batchuluun to pay for repairs to his house and furnace to reduce his usage of fuel.
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 4, 2012
Currency Exchange Loss:
Possible
Expired:
Oct 4, 2012
This photo was used before for a previous loan for Batchuluun. It was first posted on Kiva on Sep, 2010. Learn More