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Mr. Bat-Erdene, 45 years old, lives with his wife, son and two daughters in Ulaanbaatar, capital city of Mongolia. They live in a Mongolian traditional 'ger' (portable felt dwelling) on a plot of land. He has been teaching drawing and mechanics at a high school since 2004. His wife has been making dresses for seven years at a tailoring factory and recently took her maternity leave. His son, 23 years old, studies at the national defense university. His daughter is studying at law school. His two-year-old daughter stays at home.

He is requesting a loan of 1,500,000 MNT to purchase felt, planks and metal in order to renovate his 'ger'. As a result, the family will be prepared against the coming harsh winter. More importantly, the family will reduce their coal consumption thus releasing fewer pollutants and contributing to the efforts against air pollution. The borrower is very hard-working individual who wants to improve his family's living standard.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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
  • 1,487.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Bat-Erdene to purchase felt, planks and metal.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 5, 2013
Aug 7, 2013
Currency Exchange Loss:
Aug 17, 2014