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Erdenebaatar
Mr. Erdenebaatar, 30 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. The couple resides in a traditional Mongolian ger (portable felt dwelling) on fenced land. He graduated from medical college in 2007 and since that he has been working as a dental technician in a private pharmacy. His wife has the same profession but is currently unemployed and stays at home. He is requesting a loan of 6,800,000 Mongolian tögrög (MNT) to purchase building materials such as bricks, cements, grindstone and sand in order to build a house foundation and walls. As winter is approaching, he is preparing to build a house which is far better than traditional Mongolian ger in both preserving warmth and living comfort. Also moving from a ger to a house has economic and environmental advantages because reduction in loss of heat results in less use and purchase of coal. The burning coal is the main source of air pollution in Mongolia. The borrower is very hardworking individual who strives for a better future together with his wife.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,353,325
    Funds lent in using Kiva
  • 1,554.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,375 helped Erdenebaatar to purchase bricks, cements, grindstone and sand.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014