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Last year, Mr. Munkhbat began working as a construction engineer at a building company. He is requesting a loan of 3,500,000 tugriks to pay the remaining fee for his automobile which runs on natural gas. The distance between his workplace and home is quite long, and if he goes by bus and taxi it will take too long or cost him greatly. So he decided on a natural gas vehicle which has cleaner emission and less fuel wastage. This environmentally-friendly automobile will contribute to the efforts against air pollution if used by many people and purchasing of these types of cars should be encouraged everywhere. The borrower is a very hardworking individual who strives for a better future.
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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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