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Mr. Tumen, 30 years old, lives with his wife and daughter in Darkhan, the second largest city in Mongolia. He has been working for four years as a taxi driver. His 7-year-old daughter goes to elementary school, while his wife works in a small sewing business entity.

In the past, he has borrowed twice from our organization to buy a house and car, repaying his loan on the established schedule without delay. This time, he is requesting the loan of 5,000,000 MNT (Mongolian tugriks) to purchase a new car because his old car has deteriorated over the years.

The new car that he wants to buy is environmentally friendly as it emits less smoke because its engine is operated through natural gas. The borrower is a very hardworking individual who strives for a better future.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,600 helped Tumen to purchase an environmentally friendly car running on natural-gas.
91% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Dec 26, 2012
Currency Exchange Loss: