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Mrs. Chuluuntsetseg, 45, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She sews clothes and has rented a stall at a trade center since 2007. Next to her stall, her husband runs his goldsmith workshop. Both of their children study at a university.

Chuluuntsetseg is requesting a loan of 7,600,000 MNT to buy an electric car. The advantage of an electric car is that it contributes to cleaner air in cities. The car will be used for transportation.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,697.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,500 helped Chuluuntsetseg to buy an electric car for personal use.
72% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
Sep 25, 2013
Nov 1, 2013
Currency Exchange Loss: