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Batnyam
Mr. Batnyam, 31 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He has been working as a contract distributor in a bread-selling, state-owned company. His wife has a bookkeeping job in a private high school and recently took her maternity leave. The family purchased a plot of land where he built his house in 2008. As the winter comes to Mongolia, he is in need of repairing his home. So, he is requesting a loan of 5,000,000 MNT to buy a low-pressure cooker, a vacuum-sealed window, and some construction materials that are required for some interior repairs. The vacuum-sealed window and interior repairs shall reduce the home's heat loss, and they will also provide a comfortable living environment. In addition, the low-pressure cooker, especially during the winter, will reduce their consumption of coal drastically. As a result, the family will live in comfort and also contribute to protecting the environment.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,398.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,600 helped Batnyam to buy a low-pressure cooker and a vacuum-sealed window.
92% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014