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Sodnombaldan
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.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,925 helped Sodnombaldan to cover the cost of fertilizers and seeds for more vegetables.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014