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Altantuya
Altantuya is 44 years old lives with son in GER Mongolian traditional tent in ger district, an area of the city with no running water, minimal roads and spotty electricity, in Ulaanbaatar. She is master in tailoring factory since 2006. Her son is accountant in local company.

Altantuya wants to buy a car for son. The car will be used for personal needs. The car, which all Mongolian people’s using, has too big engine, so it uses 10-12 liter petrol per 100 kilometer. The study showed that average car, which runs on petrol, emits 135g CO2 per km to atmosphere. And also the petrol contains harmful ingredients like zinc, lead and others, to people’s health and the environment. Economically, riding a car with big engine in Mongolia is not rational, because Mongolia imports fuel products from the neighbors and its price always rises.

Altantuya is asking a loan to buy a car, which runs on a natural gas. She already paid part of the money, but still owes 3,500,000 MNT to the seller. The reason he is asking for this loans is to pay the rest of the money for her car. The natural gas emits fewer harmful chemicals into the atmosphere than petrol. Altantuya and her son will contribute their effort to save the environment.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,389.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,525 helped Altantuya to buy a car, which runs on a natural gas.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014