He has been selling automobile spare parts since April, 2013. His mother and father run an automobile repair center.
He has recently purchased an automobile and didn't fully pay its price. So he is requesting a loan of 3,000,000 MNT to pay for the electric car.
The advantage of an electric car is that it emits harmless pollutants into air and wastes less fuel. He is using this car for personal use, such as taking his parents to their workplace.
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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This loan has been fully funded!