She has been running a house renovation service to people of the slum district since 2011. Her husband runs a taxi service for local people to make a living.
Munguntsetseg is requesting a loan of 2,750 USD to buy an electric car for transportation. The advantages of an electric car are that the pollutants it emits into the air are harmless and it wastes less fuel compared to other cars. She will use this environmentally friendly car for transporting building materials such as fiberglass, hardwood floors and wallpapers.
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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