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Sergelen
Sergelen is 36 years old and lives with his wife and children in Darkhan, the second largest city in Mongolia. He has been decorating interior parts of houses for a living since 2010. His wife works at a network marketing company as a consultant. Their children are growing day to day and he has to provide for the needs of his children such as education, food and interests.

He decided to provide taxi service to local people during his day off. For this effort, he is requesting a loan of 3,000,000 MNT to buy a natural gas vehicle. The advantage of this particular car is that it contributes to cleaner air in cities because it wastes less fuel and emits fewer pollutants. In short, taxi service using natural gas car should be encouraged everywhere as it is a green business.

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
  • $15,398,050
    Funds lent in using Kiva
  • 1,720.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,750 helped Sergelen to buy a natural gas car.
43% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible