Batjargal, 35 years old, lives with her husband and two children in Ulaanbaatar, capital city of Mongolia. The family resides in a house on a plot of land. She has been teaching for thirteen years at a high school where she also graduated. Besides being a teacher, she also makes and sells needlework to local people. Her husband breeds cattle in the countryside and runs a cafeteria. She is requesting a loan of 2500000 MNT to purchase an electric car. The advantage of an electric car is that it contributes to cleaner air in cities because it produces no harmful pollution at the tailpipe from the onboard source of power, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. The automobile will be used for transportation. The borrower is a very hardworking 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 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.