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Baasanjav
Mr. Baasanjav, 55 years old, lives with his wife and two children in a traditional Mongolian ger (portable felt dwelling) in Darkhan, the second largest city in Mongolia. He has been working as a sentry at a private firm for four years. On his day off, he provides taxi services to local people. He and his wife both have retired from government work and receive state pensions. Their elder son works at a construction site as an Engineer's Assistant.

Mr. Baasanjav is requesting a loan of 5,000,000 MNT to buy a natural gas vehicle for his taxi business, because his old taxi is out of service. The natural gas vehicle wastes less fuel compared to other types of cars and has the advantage of releasing fewer pollutants. The borrower is a very hardworking individual who strives for a better future.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,702.1
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,950 helped Baasanjav to buy a natural gas vehicle.
58% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2014
Listed
Jan 19, 2014
Currency Exchange Loss:
Possible