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Oyunchimeg
Oyunchimeg, 39, lives with her husband, son and daughter in Ulaanbaatar, the capital city of Mongolia. She has been running a cafeteria since 2007. Her husband works as a heavy engine serviceman for a mining company outside Ulaanbaatar. After twenty days of hard work, he comes back home for ten days.


In order to contribute to the family’s income Oyunchimeg’s husband wants to operate a taxi during his ten days in Ulaanbaatar. She is requesting a loan of 7,000,000 MNT through Credit Mongol to buy an electric car for her husband to use as a taxi. She would like the car to be electric as it has cleaner emissions 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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,632.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,300 helped Oyunchimeg to buy an electric car.
80% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible