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Khadbaatar
Mr. Khadbaatar, age 36, earns an income from raising livestock and from offering transportation services. He lives with his mother in Darkhan, the second-largest city in Mongolia. They reside in their own house on a plot of land. His mother has retired from work and now gets a pension from the state.

Mr. Khadbaatar and his mother raise livestock, which they use both as a food source and as goods of sale. Mr. Khadbaatar has been rendering transportation services since 2006, operating between the trade center and outlying towns.

With his previous loan, he purchased hay-making equipment and upgraded his automobile by purchasing spare parts.

He is currently requesting a loan in the amount of 5,800,000 MNT, which he will use to purchase a natural-gas vehicle to be used for transportation. Compared to gasoline and diesel engines, natural gas vehicles emit cleaner carbon and lower particulate emissions per equivalent distance traveled. As a result, as a person who worries about his living environment, he feels that the purchase of this car will greatly contribute to the efforts against air pollution.

This borrower is one of our most reliable clients. He is a very hard-working individual who strives for a better future.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,200 helped Khadbaatar to purchase a natural-gas vehicle to be used for his transportation business.
55% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 14, 2013
Currency Exchange Loss:
Possible