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Shinedavaa
Mr. Shinedavaa, 68 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. His son lives separately from his parents. He and his wife have retired from their respective work and get state pensions. His income consists of his pension and rental fees. The building company which operates nearby his house pays the rental fee to him because that part of land belongs to him. His son makes his living from a sales business.

He is requesting a loan of 3,000,000 MNT (Mongolian tugriks) to purchase an electric car. 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. His main purpose for purchasing an electric car is to render taxi services to local people as an additional income source because his family needs aren't met with their income. 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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,435.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Shinedavaa to purchase an electric car.
91% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014