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Mr. Khureltulga, 28 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land.

Seven months ago, he was employed as a driver at a private business entity. Before this job, he had been working at a military base for nine years. His wife has been working as a waitress at a restaurant since 2008.

Khureltulga is requesting a loan of 5,500,000 MNT to purchase an electric car for a taxi service. Electric cars contribute to cleaner air in cities because they produce no harmful pollution at the tailpipe from the onboard source of power, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen.

During his free time, he can render taxi services to local people as an additional income source. 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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,423.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,875 helped Khureltulga to purchase an electric car to provide taxi services.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 10, 2013
May 17, 2013
Currency Exchange Loss:
Jun 17, 2015