Mrs. Suvdanchimeg, 45, runs a waste recycling business with her husband. She receives the wastes and recyclable materials to her collecting point (in her house's backyard). Then she sells them to the waste producing factory and craftsmen who use the recycling materials for their products. She has been running her business for 4 years and she has gained a lot of experience in it.
She lives with her husband in the ger district, an area of Ulaanbaatar with no running water, minimal roads, and spotty electricity. She had a small truck to carry the wastes and recycling materials to her customers and factories. But the truck has broken down and went out of use. So, she is requesting a loan to buy a secondhand truck for her business. She said that, "without my truck I can’t run my business anymore."
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.