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Mr. Baasankhuu, who is 24 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. The couple lives far away from city center and there he breeds cattle and pigs. His income comes from dairy products and handmade block sales. His wife has full time job.

Baasankhuu is requesting a loan of 7,000,000 Mongolian Tughriks (MNT) to purchase an electric car. The advantage of an electric car is that it contributes to cleaner air in cities because it produces 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. He needs a car to transport fodder and other block manufacturing materials between his home and the city.

Baasankhuu is very hardworking individual who strives for better future. In the photo, you can see his necessary electric car, a Prius.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,446.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,850 helped Baasankhuu to purchase an electric car.
58% repaid
Repayment Term
35 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 19, 2013
Currency Exchange Loss: