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Batsaikhan
Batsaikhan, 31 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. They reside in their own house on land that belongs to Batsaikhan's mother-in-law. Batsaikhan has been working as a driver for three consecutive years at a private company. His wife is a cook and currently works at a kindergarten kitchen. Their daughter goes to kindergarten.

The interior components of their house are deteriorated. During wintertime, frost forms around the windows and wind seeps through the walls, which chills the family to their core. For this reason, Batsaikhan is requesting a loan of 2,000,000 MNT to purchase insulating materials such as fiberglass, foam, and cotton. Using these materials, he can insulate the walls of the house with fiberglass and other items. As a result, the family won't need to burn a lot of coal for heating. Reducing the amount of coal they use will release fewer pollutants into the atmosphere and contribute to efforts against air pollution. The borrower is a very hardworking individual who is striving 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Batsaikhan to purchase insulation materials.
88% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015