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Erdenebat
Erdenebat is 44 years old, married, and has four children. He lives in Ulaanbaatar, the capital of Mongolia. He and his wife run a pants and boots sales business. Even thought they began their business one year ago, they attracted quite a number of customers and now it is one of the income sources for the family.

In 2006, he purchased a plot of land and built his own house. The house they live in has a roof problem. In rain and snow, the roof does not protect the house from leaking. The house is also small and as his children grow he decided to add one room to his house.

Erdenebat is requesting a loan for 4.500,000 MNT, which he will use to purchase construction materials needed for roofing and adding a room. Construction materials needed include bricks, planks, cement, and iron. As a result, the family can live in a comfortable and warm place without fear of leaks. The fortified roofing will also stop the heat loss so that family will burn less coal thus contributing to the 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,386.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,250 helped Erdenebat to purchase construction materials.
86% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015