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Bat-Ireedui
Mr. Bat-Ireedui, 44 years old, lives with his wife and two sons in Ulaanbaatar, the capital city of Mongolia. He has been working in security at a private business company. Before this job, he had worked at a military base and two years ago retired from work. His wife is an operator at the same military unit. His younger son also joined military training and will work in the military profession in the future. Mr. Bat-Ireedui has recently purchased land and wants to fence it. He is requesting a loan of 2,200,000 MNT to purchase planks for the fence. On his land he will breed his cattle and plant vegetables. 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 Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,599.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,400 helped Bat-Ireedui to purchase planks in order to fence his land.
65% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
Possible