Mrs. Lkhagvasuren, 62 years old, lives with her family in Ulaanbaatar, capital city of Mongolia. She has been working as a manager in a nongovernmental organization since 1999. Aside from work, she has a hobby of planting flowers, and she teaches alcohol-addicted people how to plant flowers in the summer time. In order to plant flowers, she needs some capital. So she is requesting the loan of 2,000,000 MNT to buy seeds, pots and fertilizer.
Lkhagvasuren's work is very beneficial to environmental protection. According to Project Green, plants help to remove pollutants from the air. During the process of photosynthesis, the flowering plants' leaves absorb carbon dioxide and release oxygen. Additionally, the roots of flowering plants can help to hold soil in its proper place, reducing erosion and flooding.
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.