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Byambadorj
Mr. Byambadorj, 30 years old, lives with his pregnant wife in Ulaanbaatar, the capital city of Mongolia. He has been working as a serviceman at a building company for one year. His wife will get to work next year. Now he is requesting a loan of 7,000,000 MNT to buy an electric car for personal use. The advantage of an electric car is that it contributes to cleaner air in cities because it produces 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. As his wife is about to give birth, the frequency of visiting the doctor will increase and transporting his wife safely to the hospital is the top priority for him.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,712.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,100 helped Byambadorj to buy an electric car.
68% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 2, 2013
Listed
Nov 6, 2013
Currency Exchange Loss:
Possible