A loan of $2,100 helped to purchase an electric car.

Shinedavaa's story

Mr. Shinedavaa, 68 years old, lives with his wife in Ulaanbaatar, the capital city of Mongolia. His son lives separately from his parents. He and his wife have retired from their respective work and get state pensions. His income consists of his pension and rental fees. The building company which operates nearby his house pays the rental fee to him because that part of land belongs to him. His son makes his living from a sales business.

He is requesting a loan of 3,000,000 MNT (Mongolian tugriks) to purchase an electric car. Electric cars contribute to cleaner air in cities because they produce no harmful pollution at the tailpipe from the onboard source of power, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. His main purpose for purchasing an electric car is to render taxi services to local people as an additional income source because his family needs aren't met with their income. The borrower is a very hardworking individual who strives for a better future.

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