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Mr. Tumenjargal, 30 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in a rental apartment during the winter and when spring approaches, they move into their house on a plot of land. He has been working at the police department for nine consecutive years and progressed through his career from the lowest level to crime case file clerk. His wife stays at home looking after their two babies. He is requesting a loan of 1,500,000 MNT to purchase an automobile that runs on natural gas. The natural gas car has the advantage of wasting less fuel as well as releasing fewer pollutants compared to other engine powered cars. They moved into a house, which is far from his work office, so he needs an automobile. The borrower is a very 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
  • 1,432.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Tumenjargal to purchase an automobile that runs on natural gas.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 21, 2013
May 24, 2013
Currency Exchange Loss:
Jan 17, 2015