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Batkhishig
Mr. Batkhishig, 39 years old, lives alone in a Mongolian traditional ger (portable felt dwelling) in Ulaanbaatar, the capital city of Mongolia. He has been working as a guardian at a private business entity where his elder brother has the position of auditor. The ger he lives in has been flooded with rain water recently, and the materials used for building the ger, such as planks and felt, became badly deteriorated. He is requesting a loan of 2,000,000 MNT (Mongolian tugriks) to purchase a five-walled Mongolian traditional ger. This five-walled ger is way better than his previous ger in comfort by providing more space and warmth by preserving heat, especially during the wintertime. He will use less coal for fuel 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 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,429.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Batkhishig to purchase a five-walled Mongolian traditional ger (portable felt dwelling).
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014