Batsuuri, 52 years old, lives with his wife and niece in Ulaanbaatar, the capital city of Mongolia. His daughter has passed away so he and his wife care for her child. He has been running a candy and sweets business since 1998 at a local market. He takes his goods from wholesale food centers. Also he has retired from the police organization and gets a pension. Due to diabetes, his left leg has been replaced with an artificial leg, but he has still difficulty walking and uses a crutch. He is requesting a loan of 6,000,000 MNT to purchase an automobile which runs on electricity and emits less smoke. As winter comes to Mongolia, the air in Ulaanbaatar is greatly polluted and encouraging the usage of environmentally friendly cars is essential in reducing air pollution. Issuing this loan to the borrower means he can work enthusiastically and also more importantly it will contribute to environmental protection.
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.