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Mr. Batbayar, 47 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. The family resides in their own block house on a plot of land.

Batbayar has been rendering taxi services to local people using his own automobile for sixteen consecutive years. He has accumulated a vast amount of experience in picking up customers, driving them quickly to their destination and shortening routes. Also, during his free time, he does some electric repair work on contract with some individuals and entities. His wife has been doing house interior decoration for a long time and specialized in this service sector. His son studies at university.

Their old house is made with concrete blocks, and over the years it has deteriorated. So Batbayar is requesting a loan of 6,500,000 MNT to purchase building materials to make repairs and an extension to his house. The building materials he will purchase include concrete, bricks, planks, shingles and window frames. The extended and renovated house will enable the family to burn less coal, emit less smoke and then contribute to the efforts against air pollution.

The borrower is a very hardworking individual whose dream is to see his son graduate his university successfully and become a white-collar worker, not wanting his son to work like him day and night.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,422.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,575 helped Batbayar to purchase building materials.
72% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 14, 2013
May 20, 2013
Currency Exchange Loss: