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Altangerel
Mr. Altangerel, 28 has a vegetable farm with potatoes, carrots and onions on his own plot of land. After harvesting, he sells the vegetables to the markets in the city. He lives in Darkhan, the second largest city in Mongolia, with his wife and 2 children. He has been running his business for 7 years. His business usually has risks of the natural disasters or market issues. Last year his business had a loss with a small harvest. It was caused by the insects, pests and lack of fertilizer, as he concluded. Therefore, this year he decided to prevent this kind of risk. Now, he needs to purchase some kinds of organic fertilizers from trusted Russian suppliers. The cost is quite high for him. The loan he is requesting will be dedicated to purchasing organic fertilizer for his farm.

Additional Information

More information about this loan

This loan is part of Credit Mongol's green loan program,  which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Altangerel to purchase organic fertilizer for his farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 16, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013