A loan of $2,250 helped to purchase electric vehicle.

Badralmaa's story

Mrs. Badralmaa is 41 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her son is a fourth year student at a railroad college and her daughter is first year university student. She herself has been working as a machine operator at a printing company for seven consecutive years. For twenty years, her husband has been working in an electric grid servicing company as an electrician. The automobile the family has been using for transportation has been deteriorating over the years and now it is out of service. She is requesting a loan of 3,100,000 MNT to purchase an electric vehicle.

Environmental advantages of electric vehicles include, and are not limited to: it releases almost no air pollutants at the place where they are operated. In addition, it is generally easier to build pollution-control systems into centralized power stations than retrofit enormous numbers of cars. Electric vehicles typically create less noise pollution than an internal combustion engine vehicle, whether it is at rest or in motion. Electric vehicles emit no tailpipe CO2 or pollutants such as NOx, NMHC, CO and PM at the point of use. In conclusion, based on above mentioned advantages, purchasing of electric vehicle will contribute to the efforts against air pollution, as well as can be used as an income generator for the family by using it for a taxi service. The borrower is one of the trustworthy clients of our organization and used her previous loan for its very purpose and paid each installment debt on the due dates.

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