Funded

Total loan: $1,100
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Batbayar

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $1,100 helped to install an electric low pressure heater.


Batbayar's story

Mr. Batbayar, 26 years old, sells second-hand mobile phones and their spare parts at his rental stall in the phone mart. He started his business five years ago and attracted quite a numerous customers to his business. He has divorced his wife and now lives with his mother and his child in the 'ger' district, a part of the city with no central heating and sewerage system, in Ulaanbaatar, capital city of Mongolia.

Using his first loan, he has repaired the house roof by purchasing boards and metals. Now he is requesting a loan of 1,500,000 MNT to install an electric low pressure cooker in his house. As a result of this electric heater installment, the family will no longer use coal for house heating thus contributing greatly to the efforts against air pollution. Also, it is cost-effective to use the electric heater, and more importantly it is an energy-efficient and environmentally-friendly product. The borrower is a very hardworking individual who deeply cares for his mother and son.



Loan details

Loan length:

15 months
Disbursed date: March 15, 2013

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: March 15, 2013