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Enkhbat
Mr. Enkhbat, 47 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. In 1993 he purchased his land where he built his house in 1994. Since building his house he added a garage and coalhouse, and he enlarged the kitchen.

He has been working as a driver at a private business for the past 26 years, and he has a great deal of experience in his field. He worked for one organization for more than 20 years without considering another job; this led him to get extra benefits.

He is requesting a loan of 5,500,000 MNT to cover the costs of various projects at his house. First, he will purchase insulation materials such as fiberglass and cotton for floor and ceiling insulation. Second, he will encase the kitchen and barn with bricks as an extra fortifier. Last, he wants to build a home garden for his wife to grow vegetables and herbs. As a result, the house the family lives in will be insulated. In winter, they will burn less coal. Building a home garden and growing vegetables and herbs will improve air quality. All these works are a great contribution to environmental protection. The borrower is a very hardworking individual who strives for a better future.

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
  • 1,385.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,975 helped Enkhbat to build a home garden, insulate house floor and ceiling, and add bricks to his home.
51% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Feb 22, 2013
Currency Exchange Loss:
Possible