Mr. Sodnombaldan, 22, is a repairman in the railway company. He has been doing his job for 5 years. He is unmarried and lives with his family in the house of his parents which is in Darkhan, the second largest city in Mongolia.
His family plants vegetables such as potatoes, carrots and cabbages on their plot of land/backyard of house. This summer, they want to plant more kinds of vegetables for family use and sales to the markets. It needs some kind of fertilizers and seeds at first. He thinks that he could have a bigger harvest/bumper crop next year. The loan he is taking will be dedicated to cover the cost of fertilizers and seeds for more vegetables.
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.