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 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 MongolCredit 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.
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