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Munkhbayar
Mrs. Munkhbayar is 39 years old and lives with her husband and four children in Ulaanbaatar, the capital city of Mongolia. The family lives in an apartment. Her husband suffered a back injury in 1997 while working in Korea on contract and since then has been unemployed. Munkhbayar herself works as a senior teller in a bank. One of the family’s other income sources is renting one of the rooms of their home.

Munkhbayar is requesting a loan of 6,700,000 Mongolian tugriks (MNT) to purchase an electric car so that her husband can start a taxi service for local people. In addition, the electric car produces no harmful exhaust pollution, such as particulates, volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. Thus, it will contribute to efforts to reduce 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,850 helped Munkhbayar to purchase an electric car for her husband's taxi service.
51% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible