Mr. Batireedui is 29 years old and lives with his wife in Ulaanbaatar, the capital city of Mongolia. The family's only income source is Batireedui’s job in construction enterprise. He is quite adept at his job as a crane operator. To improve their living standard, the couple wants to buy a car as a source of extra income. So far, the couple has accumulated 1,700,000 MNT, but the actual price of the car is 8,500,000 MNT. So, he is requesting a 6,800,000 MNT loan. The car they want to purchase has an electric engine which is environmentally friendly, and pollutes the air less than other automobiles. By taking out this loan, this young family can buy their car and contribute to their household income.
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.