Bayanmunkh, 39 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia.
He transports people between Ulaanbaatar and Darkhan, the second largest city in Mongolia. His wife runs her own private business, but their main income comes from his automobile, which has a diesel engine.
As a person who worries about the environment, Bayanmunkh wants to change his automobile with another one that has a gas engine, since gas engine-powered automobiles emit less smoke and contribute less air pollution.
So he is requesting a 6,800,000 MNT loan to buy an environmentally friendlier car. The result is beneficial to both sides: This family will generate more income for their children and the air will be polluted less.
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.