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Erdenebaatar
Erdenebaatar, 37, owns a dump truck which carries coal and other heavy things. He uses it for his business of freight transportation around the city and rural areas. He lives with his wife and his daughter in a common apartment in Darkhan, the second-largest city in Mongolia. He previously worked as a fireman in the emergency bureau for many years, but he decided to start his business due to the low salary. His wife is unemployed and she stays at home. His business has been a main income source of his family for years. Sometimes he has no jobs for many days; this is very bad for his business and family, so he wants to run a taxi when his work stops. He plans to buy a car which runs on natural gas. He totally cares about environmental issues, especially air pollution. Now he needs MNT 1,950,000 to cover the remaining cost of purchasing his car.
Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40C (-40F) even in the cities. Also, in winter, many parts of the country are extremely cold and are known to have snowstorms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. Also, the extremely toxic smoke from the cars is one of main reasons Mongolia has hard 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 allows them to buy cars that run on natural gas. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan he is taking will be used to cover the cost of purchasing a natural gas-engine car.

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
  • 1,328.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Erdenebaatar to cover the cost of purchasing a natural gas-engine car.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014