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Bayanzul
Mrs. Bayanzul, 43 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. She has been working as a kindergarten teacher for many years, and has accumulated a vast amount of experience in the education field. Her eldest son works in Korea on an employment contract; he transfers money to his family each month.

Bayanzul is requesting a loan of 6,700,000 MNT to purchase an automobile which runs on natural gas. Natural gas vehicles emit less smoke compared to other sources of propelled automobiles. Emitting less smoke shall contribute to the efforts against air pollution.

The car she will purchase will be used by her husband for a taxi service as an income source.

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
  • 1,386.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,850 helped Bayanzul to purchase a natural gas vehicle for use in a taxi business.
90% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 23, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014