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Batjargal, 27, runs a taxi business around the districts of Ulaanbaatar, the capital city of Mongolia. He has been running his business for a decade and he lives with his family in the ger district, the Mongolian traditional yurts and houses at the boundary of city. His daily earnings are approximately 20-25 USD. Lately, his old car has been using much fuel and emits much smoke into the air. He knows that it is very harmful for the health of people and the environment. So, he decided to replace his old car with a new one equipped with an electric engine. The loan he is taking out will be used to pay for the car with an electric engine.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,382.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Batjargal to pay for a car with an electric engine.
96% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 14, 2012
Sep 27, 2012
Currency Exchange Loss:
Jan 17, 2014