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Ariunbold
Ariunbold, 29 years old, lives with his wife and two daughters in Ulaanbaatar, the capital city of Mongolia. He has been working as a driver at a private firm since 2012. His wife is employed full time so their children are looked after by him and his wife. He is requesting a loan of 7,000,000 MNT to buy a natural gas vehicle. The automobile will be used to deliver his wife and children to their work and grandparents' home respectively. Also a natural gas vehicle has the benefit of emitting less smoke and wastes less fuel compared to other engines. Buying this environmentally friendly car should be encouraged everywhere.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,714.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,100 helped Ariunbold to buy a natural gas vehicle.
26% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2014
Listed
Jan 27, 2014
Currency Exchange Loss:
Possible