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Mr. Batjargal, 40 years old, lives with his mother in Ulaanbaatar, the capital city of Mongolia. They live in a two-room apartment. He has been working as a foreign relations manager at a private business entity since 2010. Before this job, he had been working for fourteen years in the USA on an employment contract. His mother has retired from work and now gets a state pension.

During the winter time, the apartment they live in loses its heat through walls and windows, and they use lots of hot water to heat their home. So Batjargal is requesting a loan of 6,000,000 MNT to purchase vacuum insulated windows, fiberglass and hardwood floors.

After installing the vacuum windows and hardwood floors and insulating the walls with fiberglass, the apartment will no longer lose its heat and will preserve energy and provide comfortable and warm accommodations for its owners. Batjargal 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,425.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,225 helped Batjargal to purchase vacuum insulated windows, hardwood floors and fiberglass.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 11, 2013
Currency Exchange Loss:
Jan 17, 2015