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Badamnyambuu
Mr Badamnyambuu, who is 50 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. He has been working at a furniture-manufacturing plant for five years. His son works in a Korean gas company. He is requesting a loan of 3,500,000 MNT to purchase an automobile which is propelled by an electric motor. One of the reasons of choosing an electric car is that it produces no harmful pollution at the tailpipe from the onboard source of power, such as particulates, volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. The electric car he is purchasing will be used by his son for transportation due to the long distance between his work and their home.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,525 helped Badamnyambuu to purchase an electric car.
90% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 3, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014