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Munguntsetseg, 38 years old, lives with her husband and children in Ulaanbaatar, the capital city of Mongolia. Her family lives in a traditional Mongolian ger (a portable felt dwelling) on a plot of land.

She has been running a house renovation service to people of the slum district since 2011. Her husband runs a taxi service for local people to make a living.

Munguntsetseg is requesting a loan of 2,750 USD to buy an electric car for transportation. The advantages of an electric car are that the pollutants it emits into the air are harmless and it wastes less fuel compared to other cars. She will use this environmentally friendly car for transporting building materials such as fiberglass, hardwood floors and wallpapers.

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.

About Mongolia

  • $5,900
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,750 helped Munguntsetseg to buy an electric car.
43% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 15, 2014
May 29, 2014
Currency Exchange Loss: