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Amarbaatar
Mr. Amarbaatar is 48 years old and lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has been working as a manager in a private construction company for the last five years. His wife works as a stylist at the same company when workload is high. He has begun building his own house but due to finances hasn’t completed it. As winter come to Mongolia, the family is in urgent need to complete and insulate the house. So he is requesting a loan of 5000000 MNT to buy construction and insulating materials. As a result, the family can live in a warm and comfortable place and will also burn less coal. A decrease in consumption of coal has positive impacts on efforts against air pollution.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,600 helped Amarbaatar to buy construction and insulating materials to finish the family house before winter.
92% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014