Mrs. Tuya, 38-years-old, lives with her family in Ulaanbaatar, the capital city of Mongolia. Her husband has been offering transportation services between Ulaanbaatar and Baganuur, one of the nine districts of the capital city but considered a separate city. She herself has been working as a barkeeper for five years and has accumulated vast amounts of customer service experience. The automobile her husband uses for his transportation business runs on natural gas. She and her husband have been paying off this automobile since May 2012 and now have only 2,500,000 MNT remaining. She is requesting a loan of 2,500,000 MNT to pay the remaining payment for the automobile. As a result, the car will be theirs which will be used for transportation services and more importantly, natural gas powered cars have benefits of emitting less smoke, thus, contributing to the efforts against air pollution. As a person who cares and worries about the environment, Tuya has encouraged her husband to use a natural gas powered automobile for his business.
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.