Mr. Iijuu, 57 years old, lives with his family in the Kherlen district of Mongolia. The family resides in their own house on a plot of land. He has been providing taxi service to the local people and has accumulated a vast amount of experience. As both he and his wife have reached retirement age, they decided to plant vegetables on their land as a food source. In order to grow vegetables, he needs 1,000,000 MNT. He is requesting the money to purchase a large quantity of potato seeds. As a result, he will be able to harvest his potatoes in autumn and sell them later to potato brokers in Ulaanbaatar, the capital city of Mongolia. The borrower is a very hardworking individual who strives for a better future.
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.