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Batzaya, 26 years old, lives with his wife and newborn baby in Ulaanbaatar, the capital city of Mongolia. The family resides in rented apartment. Batzaya has been providing web hosting services since 2010, and managed to secure its market share. During the past three years, he has created jobs by employing three people. Currently, his wife is unemployed, staying at home looking after their new baby. Last year, Batzaya purchased land and began building his own house. However, due to lack of finance, they haven't finished building their house and some necessary building materials are required. So he is requesting a loan of 3,500,000 MNT to purchase building materials, such as shingles, planks, bricks and more blocks. He wants to finish building his house as soon as possible and move into his house before winter. Renting an apartment is costly compared to owning a house. The borrower is a very hardworking individual who strives for a better future.

Additional Information

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,424.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,475 helped Batzaya to purchase building materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 1, 2013
Currency Exchange Loss:
Jul 1, 2013