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Mr. Batjargal, 35 years old, lives with his mother in Ulaanbaatar, the capital city of Mongolia. His mother has retired from work and gets a pension from the state. For almost two years, he has been working at a factory where vacuum-insulated windows are manufactured. Also he rents an automobile to local people who provide taxi services with it. He is requesting a loan of 6,500,000 MNT to purchase an automobile that runs on natural gas. A main advantage of a natural gas vehicle is that its emissions are cleaner: there are lower emissions of carbon and lower particulate emissions per equivalent distance traveled. Also it wastes less fuel. So purchasing this automobile is both beneficial to him and to the environment. Mr. Batjargal is a very hardworking individual who wants to improve his family's standard of living for his mother. His mother’s only wish is to see her son living happily.

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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,675 helped Batjargal to purchase a low-emissions natural gas vehicle.
100% repaid
Repayment Term
35 months (Additional Information)
Repayment Schedule
Feb 27, 2013
Mar 8, 2013
Currency Exchange Loss:
May 13, 2016