Mr. Baasanjav is requesting a loan of 5,000,000 MNT to buy a natural gas vehicle for his taxi business, because his old taxi is out of service. The natural gas vehicle wastes less fuel compared to other types of cars and has the advantage of releasing fewer pollutants. 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 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!