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Shinekhuu
Shinekhuu is 50 years old andlives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been working as a cook assistant in a restaurant since her retirement in 2010. Her husband works at an urban development agency as a car driver. Her elder daughter runs a modeling agency.

She is requesting a loan of 4,500,000 MNT to buy an automobile which runs on natural gas. The car will be used by her family for transportation. As they get older it is hard to walk or go by public transport. Another advantage of this particular car is that it contributes to cleaner air in cities 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 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    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 $2,625 helped Shinekhuu to buy an automobile which runs on natural gas.
31% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible