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Mr.Batsukh is 58 years old and lives with his family in a ger, a traditional Mongolian yurt, in Darkhan, the second largest city in Mongolia. His family consists of four people: him, his wife, his 30-year-old son and 25-year-old daughter. His 55-year-old wife is a pensioner who works part time as an assistant at a food store located near their home.

Since 1978, Batsukh has been working as a welder in a local cement factory. In recent years his son has been working with him, while his daughter works as a plasterer. Before Batsukh retires in two years, he wants to build a house and spend the rest of the life there with his wife. Assisted by his children, Batsukh is building a house and is requesting a 4,000,000 MNT loan to complete it.

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 Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,875 helped Batsukh to complete a house.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 27, 2012
Nov 26, 2012
Currency Exchange Loss:
Nov 17, 2014