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Mr. Batbayar, 37 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in an apartment near the city center. His wife has been teaching English at a high school for 10 years. Since 2009 he has been working as a human transporter on contract with a transportation business. The car he has been using has deteriorated over the years and is emitting environmentally harmful gasses. He is requesting a loan of 5,000 USD to purchase an environmentally friendly car that runs on natural gas. This loan directly benefits the family and efforts against air pollution. The family can generate more income, and the car they purchase will emit fewer gasses, contributing 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Batbayar to purchase an environmentally friendly car that runs on natural gas.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Dec 20, 2012
Currency Exchange Loss:
Jan 17, 2015