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Battsengel
Battsengel is 38 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. For the past 13 years, he has been transporting goods among districts. In the winter, Battsengel purchases and brings coal from the mine to the city to sell at a reasonable price. When the supply of coal decreases, he provides a taxi service to local people. The house his family lives in has deteriorated over the years and it currently needs some serious repair.

Battsengel is requesting a 5,000,000 MNT loan to purchase building and insulation materials such as bricks, cement, vacuum-insulated windows, hardwood floors, and fiberglass. He will use these materials to repair and insulate his house. This will create a more comfortable and warm place where Battsengel and his family will burn less coal for heating. The reduction in coal burning will mean less air pollution and less emission of smoke.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,687.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,975 helped Battsengel 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