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Gantuya is 30 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia.

She and her husband have been making and selling clothes to local people since 2010. They purchase raw materials such as textiles and buttons from markets at wholesale prices and later makes clothes at their small workshop.

Gantuya is requesting a loan of 3,000,000 MNT to buy an electric car for transportation. The electric car emits harmless pollutants and wastes less fuel. Using this environmental friendly car for transporting clothes to distribution points will help her business greatly, saving time and energy.

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
  • 1,810.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Gantuya to buy an electric car.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
May 20, 2014
May 23, 2014
Currency Exchange Loss:
Oct 17, 2015