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Bat-Erdene
Mr. Bat-Erdene is 33 years old, a married guy, he lives with his family in the outer ger district of the city, which lacks basic infrastructure.

He is specialized in the electric sector and he operates own business. He sells electric stoves by subscription and from the beginning of this winter his business became very popular. This is why he needs more electric stoves. He is very glad and proud of his business because electric stoves alleviated air pollution.

He hopes that every family will have this electric stove, so they don't use coal during the winter.

Additional Information

About Transcapital

Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Bat-Erdene to purchase electric stoves from Ereen city.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 29, 2013