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Baatardorj
Mr. Baatardorj, 36 years old, lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. The family resides in their house on a plot of land. Baatardorj has been working at a police department for 18 years and is considered among the best staff by his superiors. He is requesting a loan of 1,800,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and fiber. Using those materials, he will repair and insulate his own house, thus creating a more comfortable and warmer environment for his family. Also, the renovated house will enable the family to burn less coal for heating, thus releasing fewer pollutants into the air and contributing to the effort to fight air pollution.

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
  • 1,520.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,200 helped Baatardorj to purchase building and insulation materials.
70% repaid
Repayment Term
30 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible