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Batbold
Mr. Batbold, 31 years old, lives with his mother and two brothers in Ulaanbaatar, the capital city of Mongolia. The family resides in their own traditional Mongolian ger (a portable felt dwelling) on a plot of land. His mother retired from work in 2006, and his brother teaches at a kindergarten. He himself has been working as chief of a construction team since 2008.

At this time, the price of construction materials is at its lowest level, and he wants to use this opportunity to build his own house. So, he is requesting a loan of 3000000 MNT to purchase construction materials such as cement, bricks, gypsum and planks. As a result, he can begin his house building work in the beginning of spring.

The house will provide the family with a comfortable and warm environment. Also, the family will burn less coal due to their heat conserving future house. This is especially helpful 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 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,200 helped Batbold to purchase construction materials such as cement, bricks and planks.
91% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014