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Enkhmandakh
Mrs. Enkhmandakh, 34 years old, lives with her husband and children in Darkhan, the second largest city of Mongolia. She has been working as a grinding mill operator at a mining company since 2009. Her husband is a driver for a building company and uses a company automobile. She is requesting a loan of 4,000,000 MNT to buy an automobile that runs on natural gas. The car will be used by her husband for his taxi service on his day off. As their children are growing bigger and bigger each passing day, they are need to generate more income. Also, the natural gas vehicle has its own advantages such as cleaner emissions, lower emissions of carbon, lower particulate emissions per equivalent distance traveled and wastes less fuel.

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
  • 1,557.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,575 helped Enkhmandakh to buy a natural gas vehicle.
96% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014