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Mrs. Gereltuya is 40 years old and a librarian in the university. She has been doing her job for 14 years nonstop, and she has served thousands of students in the past. She is a hardworking women.

Currently her younger brother Bumtsend is unemployed, but he wants to support his family by earnings. So he decided to start a taxi business around Ulaanbaatar, the capital city of Mongolia.

His sister Gereltuya wants to help her brother to start it. Now he needs to purchase a car. He is choosing a car that runs on natural gas. The loan that Gereltuya is taking will be dedicated to paying for the car that 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
  • 1,375.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Gereltuya to pay for a car that uses natural gas.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Sep 14, 2012
Currency Exchange Loss:
Oct 17, 2013