A loan of $3,400 helped to buy an electric car.

Narangerel's story

Mrs. Narangerel, who is 25 years old, lives with her husband, sister-in-law, and brother-in-law in a house on a plot of land in Ulaanbaatar, capital city of Mongolia. She has been working as a saleswoman at a store for seven months. Her husband works as a sales manager at a private firm. Her brother-in-law has a position as a machinist at a power station.

She is requesting a loan of MNT 5,500,000 to buy an electric car.

The advantage of an electric car is that it contributes to cleaner air in cities because it produces 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. So buying this car is beneficial to air-pollution-intense Ulaanbaatar as well as to the borrower for transportation.

Loan details

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Loan details