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Baatarjav
Mr. Baatarjav, 54 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. He has worked for the military service for almost thirty years and recently retired from work. His family's income is composed of his retirement pension and his wife’s and son's salaries.

In 2002, they moved to their current apartment, and since then they haven't made any repairs or added insulation to their home. So, he is requesting a loan of 7,000,000 MNT to purchase vacuum-insulated windows, hardwood floors and fiberglass. He will replace the old windows and floors with more durable and quality ones. As a result, during wintertime, the frosts and storms won't chill down the family to its core. This way it will spare more energy and contribute to the environmental cause.

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.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,448.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,850 helped Baatarjav to purchase vacuum-insulated windows, hardwood floors and fiberglass.
38% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible