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Batjargal
Mr. Batjargal, 36 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. He has been working as a monitoring engineer at building company for two years. His wife has been decorating house interior components and works on contract with building companies or individuals. The house his family lives in has deteriorated over the years and it needs some serious repair. So, he is requesting a loan of 7,000,000 MNT to purchase building materials and insulation materials such as bricks, cement, fiberglass, and foam. After renovation, his family will live in a comfortable and warm place without worrying about the upcoming winter. Also, they will burn less coal for heating and fewer pollutants will be released into the atmosphere. 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,687.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $4,150 helped Batjargal to purchase building and insulation materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Possible
Expired:
Oct 16, 2013