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Tsoggerel
Mr. Tsoggerel, 50 years old, lives with his wife, father and two children in Ulaanbaatar, capital city of Mongolia. He has been working as an electrician at a power station since 2012. His wife has a position of book keeper at a private firm. His daughter studies at a university in Korea and his son goes to high school. His father has retired from work and gets state pension.

He is requesting a loan of 6,000,000 MNT to buy an electric car. The advantage of an electric car is that it contributes to a cleaner air in cities because it produces no harmful pollution at the tailpipe from the on board source of power, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen.

The borrower is a very hardworking individual who strives for a better future.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,341,800
    Funds lent in using Kiva
  • 1,632.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $3,700 helped Tsoggerel to buy an electric car.
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 9, 2013