A loan of $4,175 helped to purchase an electric car.


Otgonbayar's story

Mr. Otgonbayar, 39 years old, lives with his wife, his two children, and his father-in-law in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on a plot of land. He has been running a spare parts sales business for 12 years and has accumulated a vast amount of experience in dealing with suppliers and finding the right customers. One of his children has graduated from university and is now looking for a job. He is applying for a loan of 6,000,000 MNT to buy an automobile with an electric engine. Electric cars contribute to cleaner air in cities because the internal power source produces no harmful pollution at the tailpipe, such as particulates (soot), volatile organic compounds, hydrocarbons, carbon monoxide, ozone, lead, and various oxides of nitrogen. Buying this car will help him to save time going between work and home. The borrower is very hard-working individual who cares deeply for his family.



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