Mr. Ishdorj is 30 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. Ishdorj runs a taxi business using his family car. His wife looks after the baby at the moment.
Ishdorj also runs a small farm with around 20 animals. His six cows are expected to give birth soon. Ishdorj milks the cows with his wife's help and sells fresh milk and dairy products to his neighbors. Ishdorj is very hard-working and enthusiastic person. Last year he dug a well for water on his land and planted vegetables. He was overwhelmed with the harvest and it gave him a big inspiration. Now he is planning to buy a 84 sq. meter greenhouse which consists of a metal frame and polyethylene film and grow vegetables such as tomatoes, cucumbers, lettuces and so on.
Ishdorj's family is very happy that now they will be able to use their own dairy products and vegetables all year around. The loan Mr.Ishdorj is requesting will be used to buy a greenhouse and vegetable seeds to grow vegetables for his family use.
About Credit Mongol
Credit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.