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Khulan
Mrs. Khulan, who is 23 years old, lives with her husband in a house on plot of land in Ulaanbaatar, capital city of Mongolia. She has been working as an environmentalist at a mining company for eleven months.

Her husband recently filled out job application for a pizza delivery company, and the company requested him to own an automobile for delivery. So she is requesting a loan of MNT 8,000,000 to buy an electric car for her husband.

The advantage of 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.

Her husband has no particular profession. The pizza delivery job is ideal for him as Mongolian economy today faces difficulties, and unemployment is high. If she and her husband both work, it is easier to improve their living standard.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,722.7
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,650 helped Khulan to buy an electric car so her husband can get a delivery job.
51% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Dec 3, 2013
Currency Exchange Loss:
Possible