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Batdelger
Batdelger, age 51, lives with his family in Ulaanbaatar, the capital city of Mongolia. He has been providing taxi services since 2010, and recently purchased plot of land where he built his own house. But due to a lack of finances, some of the construction work is incomplete, and as winter comes to Mongolia, he urgently needs to insulate and finish the remaining work. So Batdelger is requesting a loan of 2,000,000 MNT to buy insulating and construction materials. The finished house will ensure the well-being of his family members and, most importantly, will prevent heat loss and reduce the consumption of coal as a heat source. This action will certainly contribute greatly to environmental protection efforts.

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
  • 3
    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 $1,450 helped Batdelger to buy insulating and construction materials.
92% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 9, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014