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Batsaikhan
Mr. Batsaikhan is 46-years-old. He lives with his wife, two daughters and father in law in Ulaanbaatar, the capital city of Mongolia. They live in their own house on a plot of land.

Mr Batsaikhan has been operating a transportation business using his own microvan since 2001. His wife currently stays at home after giving birth. Before giving birth, she was a conductor for his microvan. Mr Batsaikhan's father in law has retired from work and gets a state pension.

Mr Batsaikhan is requesting a loan of 2,500,000 MNT to purchase building and insulation materials in order to renovate his house. By doing so his family will live in a comfortable and warm place where they will burn less coal for heating. Reduced usage of coal has positive impact on environment because less pollutants are released into air.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,520.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,650 helped Batsaikhan to purchase building and insulation materials for his house.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014