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Chinbaatar
Mr. Chinbaatar, 47 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on fenced land. He has been rendering transportation services to local people using his own truck. He usually finds his customers at outdoor markets. His wife works as a waitress at a university. The house the family lives in has deteriorated over the years and needs some urgent repairs. So he is requesting a loan of 6000000 MNT to purchase building and insulation materials such as bricks, planks, fiberglass and foam. Using these materials, he will repair and insulate his house, thus enabling his family to live in a comfortable and warm place. More importantly, the family will begin to burn less coal, emit less coal smoke and 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 purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,405.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,275 helped Chinbaatar to purchase building and insulation materials.
92% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 18, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013