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Mr. Munkhbat, 32 years old, lives with his wife, two children and a brother in Ulaanbaatar, capital city of Mongolia. His family is currently living in his brother's apartment. His wife has the position of saleswoman for a private business entity, and his brother has been doing house interior decoration work on contract with building companies. His two children both go to high school.

Last year, Mr. Munkhbat began working as a construction engineer at a building company. He is requesting a loan of 3,500,000 tugriks to pay the remaining fee for his automobile which runs on natural gas. The distance between his workplace and home is quite long, and if he goes by bus and taxi it will take too long or cost him greatly. So he decided on a natural gas vehicle which has cleaner emission and less fuel wastage. This environmentally-friendly automobile will contribute to the efforts against air pollution if used by many people and purchasing of these types of cars should be encouraged everywhere. The borrower is a very hardworking 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 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,422.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Munkhbat to purchase a natural gas vehicle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 7, 2013
May 11, 2013
Currency Exchange Loss:
Jun 17, 2014