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Bat-Amgalan
Mr. Bat-Amgalan is 28 years old and lives with his wife and children in Kherlen, an eastern town of Mongolia. The family resides in their own house on a plot of land. He has been working at the power station for seven years and his main duties are managing and examining the furnace. Also during the weekends, he renders taxi service to local people. His wife stays at home and looks after their children. The house the family lives in has deteriorated and it needs some serious repair.

He is requesting a loan of 1500000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass and foam. Using those materials, he can return his house to its original state. The renovated house will enable the family to burn less coal, release less pollutants and thereby contribute to the efforts against air pollution. The borrower is a very hardworking individual who wants to improve his family's living standard.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Bat-Amgalan to purchase building and insulation materials.
86% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2015