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Mrs. Myagmarsuren, 48 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own brick house on a plot of land. She has been working as an interior decorator for individuals or entities, on her own, on short-term employment contracts, for 30 consecutive years. Her husband is temporarily residing in another district, working on a construction site.

Her elder son has become employed as a salesman by a business entity, but the employer requires him to have an automobile, to be used for transporting products and meeting with potential clients. So Myagmarsuren is requesting a loan of 6,000,000 MNT. She will use it to purchase an automobile that runs on natural gas. This natural gas car has cleaner emissions, with lower carbon and particulate emissions per equivalent distance traveled, and less fuel wastage. Purchasing this car will enable her son to secure his employment. It will also contribute to the efforts against air pollution, by emitting fewer harmful chemicals into the air.

The borrower is a very hardworking individual, who has a vast amount of experience in her job and a good reputation for her service.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,412.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,250 helped Myagmarsuren to purchase an automobile that runs on natural gas, for her son's use in his job as a salesman for a business entity.
89% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
May 1, 2013
May 4, 2013
Currency Exchange Loss:
Aug 17, 2014