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Zoljargal
Zoljargal, 32, lives with his wife, two children and mother in law in Ulaanbaatar, capital city of Mongolia. In 2007, he went to Korea on an employment contract and after working for two years he came back to Mongolia. He began rendering taxi service to Korean people in Ulaanbaatar, usually picking his customers up from the airport, their hotels or Korean-invested companies. The automobile he uses for his taxi service has deteriorated over the years and he gave it to his brother. He is requesting a loan of 5000000 MNT to purchase a natural gas vehicle. The natural gas vehicle has cleaner emissions and less fuel waste than diesel and gasoline engines. Cleaner emissions means that purchasing of natural gas vehicle will contribute to efforts against air pollution. The borrower is a very hardworking individual who strives for better life.

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
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,575 helped Zoljargal to purchase a natural gas vehicle.
45% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible