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Ariunjin
Ariunjin, 36 years old, lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. He has been working as an electrician at a power plant for more than twenty years. His wife has recently begun to work as a janitor at the Ministry of Defense.

Ariunjin is requesting a loan of 3,000 USD to buy an electric car for transportation. The distance between his work place and home is great and going by bus will take great deal of time, reducing work efficiency. Also the electric car has advantage of wasting less fuel and emitting less smoke.

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
  • $15,360,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Ariunjin to buy an electric car.
20% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2014
Listed
Jun 4, 2014
Currency Exchange Loss:
N/A