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Chuluunbaatar
Chuluunbaatar, 53 years old, lives with his wife and son in Ulaanbaatar, capital city of Mongolia. The family resides in their own house on a plot of land. Chuluunbaatar has been working as an engineer at a water regulation agency for two years. His wife is a manager at an organization devoted to children's well-being. His son has been working as a trading consultant for an electronics sales company.

The family's house has deteriorated over the years, and in wintertime winds and storms seep through its walls and windows, chilling the family members to their cores. Chuluunbaatar is requesting a loan of 4,000,000 MNT to purchase building and insulation materials such as bricks, cement, planks, fiberglass, and foam. Using those materials, he will repair and insulate his house. As a result, the family will reduce its coal consumption thus releasing less pollutants, which will have a positive impact on environment. 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,420.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,825 helped Chuluunbaatar to purchase building and insulation materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 16, 2013