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Battumur
Mr. Battumur, 35 years old, lives with his family in Dornod, the easternmost province of Mongolia. His wife holds the position of instructional manager at a high school, where she has worked for four consecutive years. Battumur has been working as a furnace man at a heat and power plant for 13 years, and he is considered to be one of the most experienced and valuable workers at the plant, by his colleagues.

He is requesting a loan of 2,000,000 MNT to purchase building materials, such as bricks, cement and planks, which he will use to repair the barn. Because the barn is connected to the main house, its vulnerable walls and ceiling are the main reason for the freezing cold in the house. After repair of the barn, the house will not lose its heat from the door side. The repairs, financed with the loan, will enable the family to burn less coal, thus contributing to the efforts against air pollution by emitting less smoke. The borrower is a very hard-working 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,450 helped Battumur to purchase building materials for making his house less vulnerable to freezing cold weather.
50% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 8, 2013
Currency Exchange Loss:
Possible