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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 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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,386.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,850 helped Bayanzul to purchase a natural gas vehicle for use in a taxi business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 23, 2013
Jan 23, 2013
Currency Exchange Loss:
Aug 17, 2014