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Batchimeg
Batchimeg, aged 35, lives with her husband and two children in Darkhan, the second largest city of Mongolia. She has been running a beauty salon since 2002 and she rents out four seats. Her husband also runs his own business selling clothes. Their two children both go to school. They live in a house on a plot of land and grow vegetables for domestic use.

Batchimeg is requesting a loan of 3,000,000 MNT to dig a well on her land to provide the family's water needs. By having a well dug, she will be able to irrigate vegetables as well as getting water for free instead of buying it from a water outlet.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,845.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,650 helped Batchimeg to dig a well to provide for the family's water needs and to irrigate their vegetables.
52% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2014
Listed
Aug 2, 2014
Currency Exchange Loss:
Possible