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Batkhishig
Batkhishig, 40 years old, lives with his family in Ulaanbaatar, capital city of Mongolia. From 1999 to 2010, he has been working at a train station and due to a disability he gave up his job and began taking a state pension.

In 2013, after two years of unemployment, he began working as a driver on contract with private a business entity. His wife currently sells food stuffs at a grocery store by renting a stall.

He is requesting a loan of 3000000 MNT to purchase an electric car. Electric cars contribute to cleaner air in cities because they produce no harmful pollution at the tailpipe from the on board source of power, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen.

As Ulaanbaatar is considered to have the greatest air pollution in Mongolia, purchasing of electric car should be encouraged. 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,429.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Batkhishig to purchase an electric car.
92% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
May 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014