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Tserendash, aged 54, lives with his wife, daughter and son in Ulaanbaatar, the capital city of Mongolia. The family lives in their own house on a plot of land. He has been working as a concrete fitter at a building company for 14 years and his colleagues are very proud of him as he is a skilled and kind person. His wife has recently begun working at a college. His son has a plan to return from military service and begin work as an electrician at a power station. His daughter is married and is wanting to live away from the family.

The distance between home and the power station is very far so his son will need to drive a natural gas car. The advantage of a natural gas car is that it has cleaner emissions and less fuel wastage. So Tserendash is requesting a loan of 6,000,000 MNT to purchase a natural gas car. The natural gas car will definitely help his son to work enthusiastically and purchasing this car is, in itself, a contribution to the efforts against air pollution. Ulaanbaatar has severe air pollution and the purchase of this type of car should be encouraged everywhere.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,300 helped Tserendash to purchase a natural gas car.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 24, 2013
Apr 27, 2013
Currency Exchange Loss:
Jun 17, 2015