Check out some available loans that are similar to this one!
Batdelger
Mr. Batdelger, 32 years old, lives with his wife and children in Darkhan, the second largest city of Mongolia. They have two children: an 8-and a 3-year-old girl and boy. Batdelger is a skilled worker and works at a mining company, which is far from his hometown. At the moment, his wife doesn’t have a job, so she looks after the children at home. Until 2011, they lived in a rental house or in his parents' house. In the last year, Batdelger’s family bought a plot of land and has become “the real family” in the full meaning. Now, they are living in a ger, a traditional Mongolian tent. The ger is built on the ground and doesn’t have a fundament (foundation), so in the winter it may be cold if they don’t have additional furnishings. Because the frozen land can cause a chill from below the ger, Batdelger is requesting 1,500,000 MNT to make a foundation and buy a thick layer of wool felt for his ger. By doing this, he and his family will be provided with good living conditions and overcome the winter’s cold days.

Additional Information

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • 1,382.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Batdelger to make a fundament and buy a thick layer of wool felt for his ger.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013