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Baasandash
Baasandash, 28, is a monk who is experienced at divination. Currently he lives with his wife in an old rental house in Darkhan, the second largest city in Mongolia. They do not have any children.

Mr Baasandash's earnings are very variable - sometimes he can earn a lot of money and sometimes he has only a few customers. He has been operating his business for 11 years nonstop. His wife, Osorjin, 30, makes casual clothes at her home and sells them to her regular customers. She buys raw materials for her clothes from the markets in far away Ulaanbaatar, the capital city of Mongolia. To transport the materials to her home, she hires a driver, which is a large expense due to the costs of fuel and wages.

As a result, she and Baasandash haved decided to buy a car which runs on natural gas. They both know that using a gas-powered car is a progressive idea and important for saving the health of people and the environment. So they need about 3,500,000 Mongolian tugriks (MNT) to cover the costs of purchasing the car for the tailoring business.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,625 helped Baasandash to purchase a natural-gas powered car for his wife’s tailoring business.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2012
Listed
Jul 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014