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Mr.Battulga is 21 years old and lives with his wife in Erdenet, the third largest city of Mongolia. Battulga is an Army serviceman. He has been transferred to Erdenet from Ulaanbaatar city in 2010. After his marriage last year, he is planning to live in Erdenet.

Last year, he bought a small plot of land and started his family's house building project. The house is 70% complete. He is asking for a loan to buy necessary building materials such as cement, wood planks, windows and doors to complete his family's house building project.

Additional Information

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Battulga buy building materials such as cement, wood planks, windows and doors to complete his family house.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 3, 2011
Jun 11, 2011
Currency Exchange Loss:
Sep 15, 2011