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Batsuuri
Mr. Batsuuri is a 40-year-old man living with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. His son studies at university and will graduate this summer.



Since 2010, he has been providing plumbing services to individuals and entities on temporary employment contracts.



His family's house has deteriorated over the years and needs repairs, including a new floor, windows, and wall insulation. As a result, he is requesting a loan in the amount of 2,000,000 MNT to purchase vacuum insulated windows, hardwood floors, and fiberglass. Using those materials, he can repair and insulate his house. He believes that the renovated house will enable the family to burn less coal and to emit less smoke, which would contribute to the efforts against air pollution.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,424.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Batsuuri to purchase building materials (windows, flooring, fiberglass) to repair and renovate his family's house.
90% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014