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Mrs. Sarangerel, 48, is a water specialist and she has a small cattle farm in her home. She lives with her husband in Darkhan, the second largest city in Mongolia. They have a son who recently moved out of his parents' house. She has been running her cattle farm since 2005 and currently it has 15 cows in all.

Her son Mashbayar, 18, studies in high school. He really wants to assist his parents to improve their family's living standard. Recently he purchased a turbine engine car which completely uses natural gas as fuel to use as a taxi around the city when he is not busy with lessons. He thinks it is a good way to improve his and his family's financial state. Also he believes that the use of a turbine engine /natural gas engine/ car will be environmentally friendly and is a natural oriented idea.

Last month the car's engine broke down. Therefore he needs MNT 3,000,000 to purchase a new turbine engine and make some repairs on their green car.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,300.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,325 helped Sarangerel to purchase a new turbine engine and make some repairs on their green car.
88% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
Mar 26, 2012
Apr 13, 2012
Currency Exchange Loss:
Sep 17, 2014