Mr. Khurelbaatar, is 42 years old and lives with his family in Ulaanbaatar, the capital city of Mongolia.
To earn a living, the family runs an agricultural business, planting vegetables and then selling them in Ulaanbaatar and Dornod, his home town. He has two warehouses, each with capacity of 7 tons, to store vegetables and other foods. Last autumn he collected 24 tons of potatoes that he had grown by planting 3 tons of seeds. He has remaining 17 tons of potatoes which are stored in warehouses. He is selling potatoes for 500 MNT for each kilogram.
In order to cultivate the land and to improve the plants, he is requesting a loan of 3,000,000 MNT to buy fertilizers. The planting of vegetables has several benefits, such as improving the air we breathe and decorating the space we live in, as well as meeting the increasing food demand. Environmentally friendly businesses like this should be encouraged everywhere.
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.