Mr. Ganshagai, 25 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. Since 2009, he has been working as a designer at his brother’s private designing company. Before working there, he was rendering taxi services to local people. His wife works at home by sewing blouses and tunics and sells them for 2,500 MNT each to a wool clothes factory.
This young family is in need of an automobile, which will be used for a taxi service as an extra income source and also for transportation purposes. So Ganshagai is requesting a loan of 5,500,000 MNT to purchase an automobile that runs on natural gas.
As a result, the family can use their automobile as a transporter in the harsh winter period, as well as in Ganshagai’s free time, when he could use the car as a taxi for an income source.
Most importantly, an automobile which runs on natural gas emits less smoke, thus contributing to the efforts against air pollution.
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.