Check out some available loans that are similar to this one!
Bat-Erdene
Mr. Bat-Erdene, 28, has been a crane driver for a transportation company since 2009. Every day he loads and transports a lot of freight to the trucks or vans. He lives with his wife and his two sons in a poorly equipped house in Ger district, an area of Erdenet, the third largest city in Mongolia, with no running water, minimal roads and spotty electricity. Currently his wife is unemployed and looks after the babies at home. Bat-Erdene will use his loan to replace the dated wooden floor and windows in his home, improving its insulation (due to the heat loss through the existing windows). In winter he uses a water-heated furnace to keep his home warm. It is expensive and very wasteful of water. Bat-Erdene says if he can make his planned repairs, his heating costs will be cut notably and it will allow him to make a contribution to the environment.

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. In winter, many parts of the country are extremely cold and are known to have snow storms. 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. Furthermore, the extremely toxic smoke from the cars is a main source of Mongolia's 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 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 Bat-Erdene is taking will be used to buy building materials for his home repair.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Bat-Erdene to buy some building materials for his home repair.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014