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Mrs. Amar, 27, is a translator and works as a manager in the student exchange agency in Ulaanbaatar, the capital city of Mongolia. Currently it is a main income source of her family. She has been doing her work for two years. She lives with her family in the ger district of Mongolian nomadic yurts and houses on the border of the city. With this loan she wants to buy a car that uses natural gas. She plans to use this to run a taxi business to make extra earnings for her family. Nowadays, air pollution from cars and households with coal-fired stoves is one of the biggest issues in Mongolian cities. The loan she is requesting will be dedicated to cover the cost of purchasing a car which uses natural gas.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,775 helped Amar to cover the cost of purchasing a car which uses natural gas.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Aug 31, 2012
Currency Exchange Loss:
Apr 16, 2014