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Mr. Uuganbayar is 25 years old and lives with his wife in Darkhan which is the second largest city of Mongolia. The couple resides in their own house on a plot of land. His wife works as a hairdresser. He began working as a contract taxi driver at a private business entity in 2012. Before working as a taxi driver, he had been working as a truck driver for the mining industry. He uses his own automobile for his taxi service. The automobile has deteriorated over the past few years and is consuming a lot of petrol. He is requesting a loan of 3800000 MNT to purchase a new automobile which runs on natural gas.

As a result, he can provide his taxi service for a sustainable period according to his contract with the private business entity. More importantly, due to using natural gas as a fuel, the automobile he is purchasing will emit less smoke thus contributing to the efforts against air pollution. The borrower is a hardworking individual who strives for a better future.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,386.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Uuganbayar to purchase an automobile which runs on natural gas.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 8, 2013
Currency Exchange Loss:
Mar 17, 2015