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Battsengel
Mrs. Battsengel, 44 years old, lives with her husband, daughter and niece in Ulaanbaatar, the capital city of Mongolia. The family is currently living in a garage because their house roof and wall is so fragile. She has been mending shoes for a living for about 10 years. Even though her husband's leg is paralyzed, he helps his wife in many ways. Her daughter works at a land register company. As winter is approaching, she wants to renovate her old house because living in the garage in winter is impossible. So she is requesting a loan of 6,000,000 MNT to purchase building materials such as shingles, cement, bricks, planks, fiberglass and foam as well as vacuum insulated windows and hardwood flooring. By doing so, her family will live in a comfortable and warm place as no heat will seep though the walls again. More importantly, they will burn less coal for heating, thus releasing fewer pollutants into the 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 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,565.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,850 helped Battsengel to purchase shingles, cement, bricks, planks and fiberglass.
75% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible