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Bat
Mr. Bat, 48 years old, lives with his wife and daughter in Ulaanbaatar, capital city of Mongolia. The family resides in a house on plot of land. He has been renting out public apartment to students for six years and secured many permanent customers. The house his family lives in has deteriorated over the years and didn't get any renovation since he was always investing in his public apartments.



So Mr. Bat is requesting a loan of 3000000 MNT to purchase building and insulation materials such as bricks, cements, fiberglass and foam. After renovation, his family will live in comfortable and warm place without worrying about incoming winter. More importantly the family will burn less coal for heating and release less pollutants into air. 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 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
  • $15,397,050
    Funds lent in using Kiva
  • 1,567.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,925 helped Bat to purchase building and insulation materials.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014