A loan of $4,625 helped to purchase an electric car.


Nayanzaya's story

Mrs. Nayanzaya, 32 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been running a shoe sales business for eleven years and has accumulated a vast amount of experience in choosing high quality shoes from Chinese outlets and managing logistic issues. Her husband is currently unemployed and helps her business. She is requesting a loan of 7,000,000 MNT to purchase an electric car which will be used by her husband for taxi services. The advantage of an electric car is that it contributes to cleaner air in cities because it produces no harmful pollution from 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. As her husband begins generating income, her family's living standards will surely increase.



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