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Ganzorig, 36 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. He has been running a laundry service for one year and generally vendors use his service, especially butchers. Also he does carpentry work by order. His wife teaches sewing at a manufacturing and crafting college. He is requesting a loan of 4.000.000 MNT to purchase an environmentally friendly car that runs on natural gas. By doing so, the family won’t spend money on taxis; also he can spare more time for his family, and most importantly, a car that runs on natural gas emits less smoke, contributing to the 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Ganzorig to purchase an environmentally friendly car which runs on natural gas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 14, 2012
Dec 19, 2012
Currency Exchange Loss:
Jan 17, 2014