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Zorigt
Zorigt, 34, is a taxi driver who works in the districts of Darkhan, the second largest city. He has been running his business for a year and has earned a profit. He wants to expand his business. He has a plan of buying one more car that uses natural gas. And his brother will use that car for a taxi business. They have a plan of business team. Although Mongolia has the lowest population density in the world, it is one of the most polluted countries due to the long and cold winters where temperatures frequently go below -40C (-40F) even in cities. In the winter, many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents use a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. Additionally, the smoky and extremely toxic smoke from the cars is one of main reasons for Mongolian air pollution.

In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss, improve heating systems, and buy cars that use natural gas. Credit Mongol believes that together we can decrease pollution and the harmful effects it has on both the environment and the health of Mongolians.

Zorigt is requesting a loan to cover the cost of buying car which uses natural gas for expanding and improving his business.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Zorigt to cover the cost of buying car which uses natural gas for expanding and improving his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2012
Listed
Jun 28, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013