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Batchimeg
Mrs. Batchimeg is 48 years old and lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. The family began living in their own house when she purchased it in 2005. Her husband has retired from work and gets a state pension. Her son is a driver at a private business entity. She herself has been working as a nurse at a privately owned hospital for six consecutive years. Since the day she purchased her house, the house has never received any repair and update. So she is requesting a loan of 6,900,000 MNT to purchase building and insulation materials such as bricks, planks, fiber glass and cements. Using those materials, she can repair her house thus enabling her family to live in a more comfortable and warm place. More importantly, the renovated house will preserve heat efficiently, needing less coal for fuel, and as a result emit less smoke and that will contribute to the efforts against air pollution. 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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,925 helped Batchimeg to purchase building and insulation materials such as planks, bricks and fiberglass to repair her home.
87% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015