Last year, he bought an electric car from his friend, and the due date is near, but he does not have enough cash for repayment. So, he is requesting a loan of 7,000,000 MNT (Mongolian tugriks) to pay the remaining fee of his electric car. The advantage of the electric car is that it wastes less fuel and emits harmless pollutants. Currently, this car is his family's main income generator.
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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!