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Badamsambuu
Mr. Badamsambuu is 42 years old and lives with his wife and 4 children in Ulaanbaatar, the capital city of Mongolia. He is the one who earns income for his family because his wife doesn’t have a job--she looks after their 4-year-old child at home. His other three children are in school. Badamsambuu has worked as a truck driver in a private freight forwarding company for several years and in his spare time he runs a taxi business using his car. These days he is very busy because he is building a new house on his plot of land. The house-building process is on-going with 60% completion. Before the winter comes he is trying to complete and move in to the house. Badamsambuu is asking for a 4,000,000 MNT loan to complete his new house. The loan he is taking will be used to install double-glazed windows, the roof and doors, to do plasterwork to the outside of the house, and to thicken the walls. This will allow his family to have a new spacious warm house with less energy loss and overcome the cold days of winter; it will bring them happiness every single day.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,382.3
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,900 helped Badamsambuu to install double-glazed windows, roof and doors, to do plaster work on the outside of the house, and to thicken the house walls.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 29, 2012