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Erdenebat
Erdenebat is 39 years old, married, father of three children. They live in his brother’s house. He has been running a grocery store for over five years. His wife works as a cashier at the store. Besides his store business, Erdenebat wants to start a new business of smokeless fuel sales (the Mongolian government suggests people to use it) in order to reduce air pollution in Ulaanbaatar, the capital city of Mongolia. He said that selling smokeless fuel is not very profitable, but he wants to keep the environment healthy and safe in the future.
He is requesting a loan to purchase large amounts of smokeless fuel for sale from the the fuel suppliers.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,282.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Erdenebat to purchase large amounts of smokeless fuel for sale from the the fuel suppliers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2011
Listed
Oct 24, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012