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Altangerel
Mrs. Altangerel, 44 years old, lives with her husband in Erdenet, third largest city of Mongolia. She began working as an assistant teacher at kindergarten in 2013. Her husband is an experienced welder who has worked since 1992 at a mining company. Their son currently studies at a university in Korea. She is requesting a loan of 2,800,000 MNT to buy a natural gas vehicle. The advantage of a natural gas vehicle is that it emits less smoke and wastes less fuel. She will use her car for transportation as she and her husband are getting older and it is becoming hard to travel on public transport such as buses and microvans, which are usually crowded with many people.

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.

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About Mongolia

  • $2,175
    Average annual income
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,767.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Altangerel to buy a natural gas vehicle.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2014
Listed
Apr 13, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014