A loan of $4,925 helped to purchase an electric car.

Davaasuren's story

Mr. Davaasuren, 23 years old, lives with his wife in their own house on a plot of land in Ulaanbaatar, the capital city of Mongolia. He and his wife have been running a mobile-phone sales business for four consecutive years, and usually get their goods from Koreans or wholesalers. The income from the mobile-phone sales is not sustaining the family's expenses, and recently, he decided to begin rendering taxi service to the local people.

He is requesting a loan of 7,000,000 MNT (Mongolian tugriks) to purchase an electric car. Electric cars contribute to cleaner air in cities because they produce no harmful pollution from the tailpipe from the on-board source of power, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead and various oxides of nitrogen. Purchasing this electric car will help him to generate more income from the taxi service as well as contribute to the efforts against air pollution. The borrower is a very hardworking individual who strives for a better future.

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