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Bat-Otgon is 33 years old and lives with his wife and two children in their recently bought house in Ulaanbaatar, the capital city. He makes steel frames for buildings and works with three other people as a brigade for 5 years. Bat-Otgon said that working by himself is more profitable compared to working as a worker for a company. His work continues from April to October.

In the winter he doesn’t have a job, so he runs a taxi business. His wife has been working as a cook in fast-food restaurants since 2006. Their children go to the public secondary school.

Bat-Otgon is requesting a loan to make some improvements in their house before moving in. The loan he is taking will be used to replace old wooden windows with double-glazed ones, to paint the walls, to change the wallpaper and to install an electric heating system. By doing this, his family will have a good living condition.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $3,950 helped Bat-Otgon to make some improvements in their house.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 1, 2012
Dec 2, 2012
Currency Exchange Loss:
Jan 1, 2013