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Chinzorig
Mr. Chinzorig, 31 years old, lives with his wife and two children in a house on a plot of land in Ulaanbaatar, the capital city of Mongolia. He began working as a merchandiser at a retail company in January 2013. Before this job, he worked as an electrician at a power station. His wife has been selling mobile phones at a trade center by renting a stall but she stopped when she gave birth two years ago and now she stays at home looking after their two sons. He is requesting a loan of MNT 2,500,000 to purchase an electric car to use for work. The advantage of an electric car is that it contributes to cleaner air in cities because it producse 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. Therefore, it is good choice for him to purchase an electric car.

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.

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About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,647.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,525 helped Chinzorig to purchase an electric car.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014