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Bayanmunkh
Bayanmunkh, 39 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia.

He transports people between Ulaanbaatar and Darkhan, the second largest city in Mongolia. His wife runs her own private business, but their main income comes from his automobile, which has a diesel engine.

As a person who worries about the environment, Bayanmunkh wants to change his automobile with another one that has a gas engine, since gas engine-powered automobiles emit less smoke and contribute less air pollution.

So he is requesting a 6,800,000 MNT loan to buy an environmentally friendlier car. The result is beneficial to both sides: This family will generate more income for their children and the air will be polluted less.

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,875 helped Bayanmunkh to buy a more environmentally friendly car.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 6, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014