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Sarantsetseg, 31, lives with her husband and children in Ulaanbaatar, the capital city of Mongolia. Her husband works as a bartender at a place which is owned by her sister. She herself has been working as human resources manager at an apartment real estate company since 2009. Also, the family runs a cow farm in Tuv (meaning center in Mongolian) Province in which Ulaanbaatar is located, though the two are administrated separately She is requesting a loan of 6,800,000 MNT to purchase an automobile which runs on natural gas. Natural gas vehicles emit less smoke compared to other gasoline-propelled automobiles. The emission of less smoke contributes to the efforts against air pollution. The automobile she is purchasing will be used to provide transportation and taxi services in her area.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,386.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,925 helped Sarantsetseg to purchase an automobile which runs on natural gas.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Jan 24, 2013
Currency Exchange Loss:
Feb 17, 2015