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Munkhtur, 26 years old, lives with his wife in a house on plot of land in Ulaanbaatar, capital city of Mongolia. Their five year-old daughter is currently living with her grandparents in the countryside. He began working as technologist at leather factory in 2011. His wife has position of tailor at the same factory he works. He is requesting a loan of 7500000 MNT to buy electric car for personal use. The advantage of electric car is less emissions and less fuel. He will use his car for transportation purpose as well as taxi service as an additional income source.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,727.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,350 helped Munkhtur to buy an electric car.
77% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 8, 2013
Nov 29, 2013
Currency Exchange Loss: