Mr Purevdorj started to fix cars in his own courtyard in 2000, and he has continued to work at the same place since then. Consequently, he has many years of business and practical experience.
Uvurhangai province's air is very polluted in the winter season from the exhaust of automobile gasoline engines. He is planning to convert engines from gasoline (petrol) to compressed natural gas (CNG) and LPG. He is a quiet-natured and hardworking man, and he needs 1,500,000 MNT to purchase equipment that he will use to make a natural gas car.
More information about this loan
This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
About XacBankThis loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.
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