Since 2003 he has been working as a taxi-driver; his wife doesn’t have a job. During the winter months, he sometimes goes to the countryside to buy meat from herders, which he sells at a local market for profits. Purevjil explains that he cares for his car as if the car was a member of his family, in large part because it is the only piece of equipment they own which brings income to their family. His family would face many challenges if the car were to break down.
Starting this year, he needs to earn more income because his older son will begin his studies at a university located in Ulaanbaatar, the capital. Plus, his younger son studies at a local school.
Therefore, Purevijl is seeking a loan, before the winter begins, to work on his house and to better protect his car from the elements. Specifically, Purevjil is planning to use the loan proceeds to thicken his house's walls and to build a garage for his car. He would build the garage on one side of the house, which ought to cut down on his family's charcoal usage (and prevent or at least delay the car’s breakdown). By taking these steps, he will be able to improve his family's living conditions.
More information about this loan
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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