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Mr. Batdorj, 26 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. Currently, his family is residing in a Mongolian traditional ger (portable felt dwelling) on a plot of land. He has a position of driver at a private business entity. His wife has been working at a pharmacy since 2005 as prescription writer.

The house they previously lived in has deteriorated over the years and it needs some serious repair, so he is requesting a loan of 4,000,000 MNT (Kongolian tugriks) to purchase building and insulation materials such as bricks, planks, fiberglass and foam. Using these materials, he can repair and insulate his house completely and make it back to its original state. The 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 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,419.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,825 helped Batdorj to purchase building and insulation materials.
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 24, 2013
May 29, 2013
Currency Exchange Loss:
Jun 28, 2013