He has been selling casual clothes since 2012 by renting a stall at a trade center. He imports his goods from Europe, and sales are great because European goods are normally of high quality.
Lkhagvaragchaa is requesting a loan of 6,700,000 MNT to buy an electric car for transporting his goods. The advantage of an electric car is that it contributes to cleaner air in cities because it produces no harmful pollution such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen.
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 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!