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So he is requesting a loan of 5300000 MNT to purchase an automobile which is powered by an electric motor. Electric cars contribute to cleaner airs because they produce no harmful pollution at the tailpipe from the on-board source of power, such as particulates, volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. By taking the loan he can purchase his electric car and can use it for taxi service without using his friend’s car. Most importantly the car he purchases will contribute greatly to the efforts against air pollution.
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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 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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