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Amartuvshin
Mr. Amartuvshin, 25 years old, lives with his mother and father in Ulaanbaatar, the capital city of Mongolia.

He has been selling automobile spare parts since April, 2013. His mother and father run an automobile repair center.

He has recently purchased an automobile and didn't fully pay its price. So he is requesting a loan of 3,000,000 MNT to pay for the electric car.

The advantage of an electric car is that it emits harmless pollutants into air and wastes less fuel. He is using this car for personal use, such as taking his parents to their workplace.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,708.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,775 helped Amartuvshin to pay the remaining cost of an electric car.
60% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Dec 10, 2013
Currency Exchange Loss:
Possible