Dagvadorj, 42, produces diary products such as milk, yogurt, butter and dried curds with his wife. Then he sells them to customers in the market. This is a business what is the main income source for his family. He has been running his business for 2 years and he has been trying to gain enough experience in his business. He lives with his 3 children and his wife in a ger, a Mongolian nomadic yurt, in a district in Ulaanbaatar, the capital city of Mongolia.
Dagvadorj wants to improve his business through the packaging of his products which meets with the hygienic requirements. It will be the standardized goods packaging. His products do not have any dedicated packaging currently. Now he needs the equipment to package goods of various types and sizes. Principally, he is planning to use recyclable brown paper for his products packaging. The loan he is taking will be dedicated to purchase packaging equipment and packing raw materials.
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.