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Otgontuya
Otgontuya, 34 years old, lives with her family in Ulaanbaatar, the capital city of Mongolia. The family resides in its own brick house. Every day from 7 am to 10 pm, her husband renders taxi service by using Otgontuya's own outdated car while she teaches physics at private school. Before rendering the taxi service, her husband worked in Korea through an employee contract.

This year, her husband’s car quality has deteriorated greatly, so the family is in need of new car. Otgontuya is requesting a loan of 6800000 MNT to purchase a new automobile which has an electric motor, thus, emitting less smoke and contributing to the efforts against air pollution. If the loan is issued, the family could purchase the new car. Usage of such cars should be encouraged, these cars are environmentally friendly.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,900 helped Otgontuya to support her husband's taxi service by buying a new car.
60% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible