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Bazarragchaa
Bazarragchaa, 51, is a welder who lives with his two children and wife in the slum district of Ulaanbaatar, the capital city of Mongolia.

For many years, he worked as a welder in state organizations, and in 2001, he started his own private welding business with his two followers. He often had a high work load and took many orders from customers every day.

Recently, his eyesight has became very bad due to working many years as a welder, which is a very unhealthful job, and it is impossible to continue his job further. But it was a main source of his family's income.

Therefore, he and his wife are planning to start another private business as vegetable growers. It is a more nature-oriented activity than welding.

Bazarragchaa has tested planting some vegetables near his house and it was done successfully, so he can grow some kind of vegetables in the last part of summer.

Now he needs only a small grocery store to sell his vegetables near home, because already he has customers around the district. The loan he is taking will be dedicated to buying some building materials to build a grocery store beside his home to sell his own vegetables.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.

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.

About Mongolia

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,253.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Bazarragchaa to buy building materials to build a store to sell his vegetables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Sep 20, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012