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Dugerjav
Dugerjav is 29 years old and lives with his father, mother and sister in Darkhan, the second largest city in Mongolia. He has been working as bunker operator for a mining company for two years. His mother is a cook and works at a small cafeteria. Currently his father and sister are unemployed and looking for jobs.

Dugerjav is requesting a loan of 7,000,000 MNT to buy automobile which runs on natural gas. The natural gas vehicle has cleaner emissions and wastes less fuel. The automobile will be used by his father for a taxi service and the family income will increase.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,672.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,200 helped Dugerjav buy a natural gas vehicle.
40% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Possible