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Boldbaatar
Mr. Boldbaatar, 34 years old, lives with his wife and children in Kherlen, the easternmost town of Mongolia. The family resides in their own house on a plot of land. He has been rendering taxi service to local people since 2005 and has accumulated a vast amount of experience in picking up customers, driving them quickly and shortening routes. His wife has been working as a saleswoman for seven years and is quite experienced at her job.

The house they live in has been deteriorating over the years and it needs some serious repair. So Boldbaatar is requesting a loan of 2,000,000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass and foam. Using those materials, he can repair and insulate his house thus creating comfortable and warm accommodations for his family. Also the renovated house will enable the family to burn less coal, emit less smoke and thus 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 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Boldbaatar to purchase building and insulation materials.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014