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Battumur
Mr. Battumur, 59 years old, lives with his wife and children in Erdenet, the third largest city of Mongolia. The family resides in their own house on a plot of land. He has been working as an engineer at a power station since 2011, and before this job he worked at various places and accumulated a vast amount of experience in engineering.

His wife is disabled and gets a state pension. As he and his wife get older, they need an automobile to drive to their workplace and home. So, he is requesting a loan of 4,000,000 MNT to purchase an automobile which has an electric engine.

Electric cars contribute to cleaner air in cities because they produce no harmful pollution through 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. Considering the advantages of electric cars, it is the best option to purchase this car which will contribute to the family's work and health as well as to the environment.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,425.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,825 helped Battumur to purchase an electric car.
88% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015