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Badralmaa

Update on Badralmaa

Mrs. Badralmaa is 41 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her son is a fourth year student at a railroad college and her daughter is first year university student. She herself has been working as a machine operator at a printing company for seven consecutive years. For twenty years, her husband has been working in an electric grid servicing company as an electrician. The automobile the family has been using for transportation has been deteriorating over the years and now it is out of service. She is requesting a loan of 3,100,000 MNT to purchase an electric vehicle.

Environmental advantages of electric vehicles include, and are not limited to: it releases almost no air pollutants at the place where they are operated. In addition, it is generally easier to build pollution-control systems into centralized power stations than retrofit enormous numbers of cars. Electric vehicles typically create less noise pollution than an internal combustion engine vehicle, whether it is at rest or in motion. Electric vehicles emit no tailpipe CO2 or pollutants such as NOx, NMHC, CO and PM at the point of use. In conclusion, based on above mentioned advantages, purchasing of electric vehicle will contribute to the efforts against air pollution, as well as can be used as an income generator for the family by using it for a taxi service. The borrower is one of the trustworthy clients of our organization and used her previous loan for its very purpose and paid each installment debt on the due dates.

Previous Loan Details

Mrs. Badralmaa is 39 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her son studies at the Railroad College and her daughter is graduating from secondary school. Badralmaa works in a printing company as a machine operator. Her husband works in an… More from Badralmaa's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $2,175
    Average annual income
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,250 helped Badralmaa to purchase electric vehicle.
89% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014