A loan of $4,050 helped to pay the remaining fee for his electric car.

Shinekhuu's story

Mr. Shinekhuu, 27 years old, lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. He has been rendering taxi service to local people since 2012. Before this, he used to sell second-hand mobile phones at a trade center. His wife is currently undertaking training in becoming a kindergarten teacher. Their elder child goes to elementary school, while the younger one stays at kindergarten.

Last year, he bought an electric car from his friend, and the due date is near, but he does not have enough cash for repayment. So, he is requesting a loan of 7,000,000 MNT (Mongolian tugriks) to pay the remaining fee of his electric car. The advantage of the electric car is that it wastes less fuel and emits harmless pollutants. Currently, this car is his family's main income generator.

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