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Batsuuri
Mr. Batsuuri, 35 years old, lives with his family in Kherlen, the easternmost town of Mongolia. The family has recently built a house on a plot of land. But due to the lack of finances, some of the interior and door parts remain unfinished. So Batsuuri is requesting a loan of 3,000,000 MNT to purchase building materials such as bricks, planks, cements and metals.

He wants to install a high quality door into the house and build a barn next to the house. Building the barn will reduce heat loss through door parts, and the high quality house will greatly improve his family's living standards.

More importantly, the family will begin to burn less coal for heating, thus contributing to the efforts against air pollution by releasing fewer pollutants into the air. 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 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
  • 1,450.4
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,075 helped Batsuuri to purchase building materials.
39% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
Possible