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Khuyagbaatar is 25 years old and lives with his wife and daughter in ger district, an area of the city with no running water, minimal roads and spotty electricity, in Ulaanbaatar. Now his family is living in his father's wooden house. His family income is not enough to improve his family's living condition. That’s way he got in rent his own house. He is an architect for a local company in Ulaanbaatar.

Khyagbaatar is asking 5,000,000 MNT to buy a car, which runs on gas. The gas emits fewer harmful chemicals into the atmosphere than petrol. The car will be used by the family.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,389.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,600 helped Khuyagbaatar to buy a car that runs on gas.
92% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Oct 24, 2012
Nov 26, 2012
Currency Exchange Loss:
Jul 17, 2014