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Gantumur
Mr. Gantumur, 27 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. His wife works as a media person in a private company. He rents counter in a superstore and has been running his business for four years. His business includes selling goods such as books, pencils, picture frames and computer components and he also repairs damaged photos.

Now his wife is pregnant and is on maternity leave. So he is in urgent need of an automobile because a pregnant person needs comfort and care. So he is requesting a loan of 6,000,000 MNT to purchase an automobile which is powered by an electric motor. This kind of electric car emits less smoke and produces harmless pollution through the tailpipe from the on-board source of power, such as particulates, volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. As a result he can carry his wife to her destination safely and contribute 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 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,325 helped Gantumur to purchase an electric car.
88% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 2, 2013
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015