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Sukhbaatar
Mr. Sukhbaatar, 42, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house which was built in 2012. Mr. Sukhbaatar has been running a transportation business on a two year contract with a transportation entity. He uses his own minivan and his wife executes the role of conductor.

The house Mr. Sukhbaatar and his family live in has vulnerable external windows, walls and doors. As a result, the house becomes very cold during the winter time and chills the family down to their cores. Mr. Sukhbaatar is requesting a loan of 2,000,000 MNT to purchase building materials such as bricks, cement, planks, and fiberglass. Using those materials, he can renovate his house and will live in a comfortable, warm place. More importantly, the family will burn less coal thus contributing to the efforts against air pollution.

Mr. Sukhbaatar 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
  • 1,394.7
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Sukhbaatar to purchase building materials such as bricks, cement and planks.
94% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Mar 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014