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Batmunkh, 27, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. Ten months ago, he began to work as an engineer at construction business. His wife has a position of distribution manager at a private company. His two children go to kindergarten. The family resides in an apartment. As winter comes to Mongolia, it becomes difficult to go to work without his own automobile because they live in a quite remote place. Also, picking up his children from school and driving his wife to work become necessary as night comes earlier in the winter time. So, he is requesting a loan of 6800000 MNT to purchase an automobile which runs on natural gas. As a result, he can drive his wife to work and sons to kindergarten. Most importantly, an automobile which runs on natural gas emits less smoke thus 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,925 helped Batmunkh to purchase a car which runs on natural gas.
88% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 2, 2013
Jan 4, 2013
Currency Exchange Loss:
Jan 17, 2015