Mrs. Marusya, 58 years old, lives alone in a house on fenced land in Ulaanbaatar, the capital city of Mongolia. She has been running a meat sales business since 2007 by renting a stall at a market. Her daughter and son live separately.
Marusya's son is currently unemployed and ultimately decided to render taxi service to local people. In order to offer taxi service, he needs a good quality car, but he has no cash for a car. As a mother who wants to help her son, Marusya is requesting a loan of 5,000,000 MNT to buy an electric car. The advantage of an electric car is that it contributes to cleaner air in cities because it doesn't emit harmful pollutants while wasting less fuel per kilometer traveled. It is very beneficial for both her son's income generation and environmental safety.
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.