Currently, Batbayar has an old car for family use, but it has a lot of damage for running a taxi business around the streets of Ulaanbaatar. In essence, he is planning to install a fiery fuel engine. It is a kind of engine which is smokeless and environmentally oriented. First, he needs to repair it completely. The loan he is requesting will be used to repair his old car and cover the cost of a new fiery fuel engine.
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This loan is part of Credit Mongol's green loan program, which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
About Credit MongolCredit 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.
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Success!! The loan was 100% repaid