In the past, he has borrowed twice from our organization to buy a house and car, repaying his loan on the established schedule without delay. This time, he is requesting the loan of 5,000,000 MNT (Mongolian tugriks) to purchase a new car because his old car has deteriorated over the years.
The new car that he wants to buy is environmentally friendly as it emits less smoke because its engine is operated through natural gas. The borrower is a very hardworking individual who strives for a better future.
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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This loan has been fully funded!