Update on EnkhtaivanMrs. Enkhtaivan, 43 years old, lives with her two daughters, two sons-in-law and two grandchildren in Ulaanbaatar, the capital city of Mongolia. She has been running a shoe repair shop near the medical college for fifteen years.
Her elder son-in-law just began working at a software company as a manager. She is requesting a loan of 7,000,000 MNT to purchase an electric car for her son-in-law. The advantage of electric car is that it contributes to cleaner air in cities because it produces no harmful pollution from 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.
The car will be used by her son-in-law for transportation.
Previous Loan DetailsMrs. Enkhtaivan K., a 40-year-old widow, lives with her two daughters, two sons-in-laws and two grandchildren in Ulaanbaatar, the capital city of Mongolia. They live in a small house owned by Enkhtaivan. Her sons-in-laws work in construction as labourers, while her youngest daughter looks after t... More from Enkhtaivan's previous loan »
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 MongolCredit 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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