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Khureltulga
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 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,423.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,875 helped Khureltulga to purchase an electric car to provide taxi services.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015