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Batbayar, 52, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He works as a carpenter for a private company, and his wife weaves traditional Mongolian dresses that are made to order. His elder daughter works as a manager in a restaurant while his second daughter works for a construction company. In 2012, Batbayar demolished his old house in order to build a 2-flat house. At the moment, the house’s second flat is not completed and needs interior work. So he is requesting a loan of 3,000,000 MNT to buy hardwood floors and install doors that will be used to segregate the rooms. The completed house, which will lose less heat, will be very beneficial to the family and also to the environment, as the consumption of coal will diminish drastically.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Batbayar to buy hardwood floors and install doors.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Dec 10, 2012
Currency Exchange Loss:
Jul 17, 2014