Tuvshinjargal, 25, lives with her husband in Ulaanbaatar, the capital city of Mongolia. Her mother has been running a loan business which she now owns. In order to maintain healthy business activity she needs a new automobile, which will be used for transportation and delivery; they have been spending a considerable amount of money paying for taxis. So Tuvshinjargal is requesting a loan of 4,700,000 MNT to buy a new environmentally friendly car. The car she wants to buy runs on natural gas and emits less smoke thus contributing to the efforts against air pollution.In Mongolia, especially in winter time, air pollution increases drastically so usage of such a car should be encouraged. As a result, the family will be able to generate more income, partially because her husband can use the car as a taxi, which will provide another source of income and more importantly they can contribute to environmental protection
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.