Mrs. Sengesuren, 26 years old, lives with her sister in Ulaanbaatar, the capital city of Mongolia. She has been working as a loan officer in the banking sector since 2009. Her sister recently began working as a nurse at a hospital. Sengesuren is requesting a loan of 3,000,000 MNT to buy an electric car. The advantage of an electric car is that it contributes to cleaner air in the cities because it produces no harmful pollution from the tailpipe coming from the onboard source of power, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. The electric car will be used by her to provide taxi service during her day off.
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.