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Mr. Battogtokh, 41 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. He is a road policeman, while his wife works as a tailor. His home is located about one kilometer away from the main road. In the morning and evening, when he needs to go to work and come back, he needs a car. Now, without a car of his own, he is spending a lot of money paying for taxi rides. So he is requesting the loan of 3,500,000 MNT to buy an environmentally-friendly automobile. The automobile will benefit the family by saving their money, and, most importantly, will contribute to environmental protection by emitting less pollution.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,500 helped Battogtokh to buy an environmentally-friendly automobile.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 5, 2012
Dec 11, 2012
Currency Exchange Loss: