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Bat, 54 years old, lives with her family in Ulaanbaatar, the capital city of Mongolia. Her husband works as a bus driver between Ulaanbaatar and Ulan-Ude, capital city of Buryatia, Russia, for a private company. Their four children work in Ulan-Ude, mainly in the construction industry. Bat herself formerly worked in boot factories but in 2009 she retired and has been receiving benefits. Also she cares for her daughter’s girls at home. The family resides in their own house on a plot of land and this summer they began to build an extension to their house. But due to their financial situation the family has not completed the extension and as winter comes to Mongolia, it will become a source of heat loss. So Bat is requesting a loan of 3,000,000 MNT to complete the extension. As a result, the family will be able to live in a warm and comfortable environment; furthermore they will burn less coal and thus contribute to 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 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Bat to complete an extension to the family home.
99% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Dec 23, 2012
Currency Exchange Loss:
Aug 17, 2013