A loan of $4,325 helped to purchase an electric car.


Davaa-Erdene's story

Mr. Davaa-Erdene, 29 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in his house on a plot of land. He operates an internet café, provides origination service, sells CDs, and takes photographs. His wife also helps his business by working as a cashier at his internet café. In this business field, he has accumulated vast amount of experience and attracted quite a number of permanent customers. He is requesting a loan of 6,000,000 MNT to purchase an electric car, which will be beneficial to the cause of environmental protection. Electric cars contribute to cleaner air in cities because they produce no harmful pollution at the tailpipe from an onboard power source, such as particulates, volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. The family plans to use their automobile as a means of transporting computers and other materials used in their business.



Loan details


Lenders and lending teams



Loan details