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Norovnyam
Norovnyam, 22, lives with her family in Ulaanbaatar, the capital city of Mongolia. She graduated from secretary school in 2007, and since 2008 she has been working as an operator in a state law institution. Her husband works as a construction decorator in a small private company. She purchased a gas engine automobile from her relative who runs an automobile-importing business. The automobile she purchased came to Mongolia on December 4th, 2012. However, due to lack of funds, she can't make the final payment. Therefore, she is requesting a loan of 3000000 MNT to pay the remaining fee. As a result, she and her husband can work enthusiastically without having to pay for taxi services. Also, this type of automobile emits less smoke, thus contributing to efforts against air 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,150 helped Norovnyam to finish paying for her car.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Dec 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014