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Batsuuri
Batsuuri, 52 years old, lives with his wife and niece in Ulaanbaatar, the capital city of Mongolia. His daughter has passed away so he and his wife care for her child. He has been running a candy and sweets business since 1998 at a local market. He takes his goods from wholesale food centers. Also he has retired from the police organization and gets a pension. Due to diabetes, his left leg has been replaced with an artificial leg, but he has still difficulty walking and uses a crutch. He is requesting a loan of 6,000,000 MNT to purchase an automobile which runs on electricity and emits less smoke. As winter comes to Mongolia, the air in Ulaanbaatar is greatly polluted and encouraging the usage of environmentally friendly cars is essential in reducing air pollution. Issuing this loan to the borrower means he can work enthusiastically and also more importantly it will contribute to environmental protection.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,325 helped Batsuuri to purchase an automobile which runs on electricity.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015