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Mr. Batsaikhan, 45, has been employed in a half-time job as an assistant worker in a manufacturing company. He lives with his wife in the ger (Mongolian felt housing tents) district, an area of the city with no running water, minimal roads and spotty electricity in Darkhan, the second largest city in Mongolia.

He owns a small land plot and house, and he plants some kinds of vegetables in his backyard. Lately, his fence has been badly damaged due to the strong wind and its age. He decided to repair his fence. The loan he is taking will be dedicated to buying some wood and iron pipes to repair his fence.

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
  • 1,335.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $1,875 helped Batsaikhan to buy some wood and iron pipes to repair his fence.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jun 25, 2012
Jul 7, 2012
Currency Exchange Loss:
Aug 6, 2012