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Byambasuren
Mrs. Byambasuren, 28 years old, lives with her husband and son in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land. She has been working as an accountant at a private business entity since 2012. Her husband is a crane operator at a building company. Their six-year-old son goes to kindergarten.

Byambasuren is requesting a loan of 3,000,000 MNT to purchase an electric car for personal use. The main reason for choosing an electric car is that electric cars contribute to cleaner air in cities. This is because they produce no harmful pollution, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen at the tailpipe from the onboard source of power.

Purchasing the automobile will save time for traveling to work and can be beneficial for many occasions. 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,448.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,075 helped Byambasuren to purchase an electric car.
93% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014