Update on BadralmaaMrs. Badralmaa is 41 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her son is a fourth year student at a railroad college and her daughter is first year university student. She herself has been working as a machine operator at a printing company for seven consecutive years. For twenty years, her husband has been working in an electric grid servicing company as an electrician. The automobile the family has been using for transportation has been deteriorating over the years and now it is out of service. She is requesting a loan of 3,100,000 MNT to purchase an electric vehicle.
Environmental advantages of electric vehicles include, and are not limited to: it releases almost no air pollutants at the place where they are operated. In addition, it is generally easier to build pollution-control systems into centralized power stations than retrofit enormous numbers of cars. Electric vehicles typically create less noise pollution than an internal combustion engine vehicle, whether it is at rest or in motion. Electric vehicles emit no tailpipe CO2 or pollutants such as NOx, NMHC, CO and PM at the point of use. In conclusion, based on above mentioned advantages, purchasing of electric vehicle will contribute to the efforts against air pollution, as well as can be used as an income generator for the family by using it for a taxi service. The borrower is one of the trustworthy clients of our organization and used her previous loan for its very purpose and paid each installment debt on the due dates.
Previous Loan DetailsMrs. Badralmaa is 39 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her son studies at the Railroad College and her daughter is graduating from secondary school. Badralmaa works in a printing company as a machine operator. Her husband works in ... More from Badralmaa's previous loan »
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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