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Batbayar
Batbayar is a 24-year-old single man. He lives with his mother in Bayanzurkh district, Ulaanbaatar. He is a truck driver. He works in the Oyutolgoi copper mine, the largest copper mine in Mongolia. He spends 21 days working in Umnugovi Aimakh, approximately 600 km away from the city of Ulaanbaatar, and then has a 14-day weekend in UB. He and his mother live in a wooden house on their own plot of land.

As you know, Mongolia is one of the coldest countries in the world and borders Siberia to the north. So they need to use more coal to stay warm. This is an explanation of why Mongolia is one of the worst countries for air pollution. Before the winter comes, they need to set up a heating system. He is requesting a loan of 1,800,000 MNT to buy radiators and pipes.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,300 helped Batbayar to buy radiators and pipes.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014