Funded

Total loan: $1,525
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Ochirbat


A loan of $1,525 helped to cover the cost of his buying a car which uses natural gas.


Ochirbat's story

Mr. Ochirbat, 26, works in the steel factory which is in Darkhan, the second largest city. He has been doing his job for 2 years, and is one of the skillful workers. He wanted to buy a car which runs on natural gas. According his plan, he will run a taxi business outside his work. He believes it will increase his family income notably.

Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40C even in the cities. Also, in summer, many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm. As well, the smoky and extremely toxic smoke from the cars is one of main reasons for Mongolian hard air pollution. In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss, improve heating systems and buy cars on the natural gas. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Ochirbat is taking will be used to cover the cost of his buying a car which uses natural gas.



Loan details

Loan length:

26 months
Disbursed date: June 8, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 8, 2012