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Galaa is 43 years old and lives with his wife and son in Darkhan, the second largest city of Mongolia. The family resides in a house on a plot of land. Galaa has been working as a welder at a steel factory since 2003. His wife is self-employed and makes and sells needlework to local people.

Galaa is requesting a loan of 6,500,000 MNT to buy a car which runs on natural gas. The car will be used by him for taxi services as he wants to generate additional income for his family. Also, the advantage of a natural gas car is great as it emits less pollutants and wastes less fuel.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    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 $3,800 helped Galaa to buy a car which runs on natural gas.
53% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 21, 2013
Dec 1, 2013
Currency Exchange Loss: