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Batzaya
Batzaya, 35 years old, lives with her husband, two children, mother and sister in Ulaanbaatar, the capital city of Mongolia. The family resides in its own house on a plot of land. She began her sewing business in 2002 at her home and since 2008 she has been renting work space and sewing dresses ordered by clients. Her skill and trustworthiness quickly enabled her to secure a number of permanent clients. Her husband has the position of electrician at a private company and her two children both go to high school. Her mother has retired from work and gets a state pension. The house they have lived in for so long has been deteriorating over the years and its outer and inner components have become fragile and vulnerable. So, Batzaya is requesting a loan of 7000000 MNT to purchase building and insulation materials such as bricks, planks, cement, fiberglass and foam. Using those materials, her husband will repair and insulate their old house. The renovated house will enable the family to reduce coal consumption thus releasing less pollutants into the atmosphere, which contributes to the efforts against air pollution. The borrower is a very hard-working 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.

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,875 helped Batzaya to purchase a building and insulation materials.
73% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 3, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
Possible