Mr. Khadbaatar and his mother raise livestock, which they use both as a food source and as goods of sale. Mr. Khadbaatar has been rendering transportation services since 2006, operating between the trade center and outlying towns.
With his previous loan, he purchased hay-making equipment and upgraded his automobile by purchasing spare parts.
He is currently requesting a loan in the amount of 5,800,000 MNT, which he will use to purchase a natural-gas vehicle to be used for transportation. Compared to gasoline and diesel engines, natural gas vehicles emit cleaner carbon and lower particulate emissions per equivalent distance traveled. As a result, as a person who worries about his living environment, he feels that the purchase of this car will greatly contribute to the efforts against air pollution.
This borrower is one of our most reliable clients. He is a very hard-working 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!