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Mr. Lkhagvasuren, 56, is a taxi driver. He lives with his wife in Ulaanbaatar, the capital city of Mongolia. He has been doing this business since he bought his car in 2007. His daily earnings are quite less than his necessities.

Recently, he has started the building of his new house in the outer part of Ulaanbaatar city. He has a plan to install a low-pressure chimney in his new home. It will use smokeless fuel and will be less harmful to environment. He absolutely cares about the environment's welfare. Due to this, Lkhagvasuren is requesting a loan to cover the payment for the new low-pressure chimney that uses smokeless fuel at his home.

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 Mongolia

  • $5,900
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,263.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Lkhagvasuren to cover the payment for the new low-pressure chimney that uses smokeless fuel in his home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 15, 2011
Oct 12, 2011
Currency Exchange Loss:
Jul 15, 2012