Mrs. Tsevegsuren is 29 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on her father's land. She has been rendering taxi service to local people since 2010. Her husband has a position of assistant worker at a building company. During winter, construction work stops and he renders taxi service for a living.
This year the family decided to grow vegetables for their own sustenance, and to sell for a profit. Tsevegsuren is requesting a loan of 1,500,000 MNT to purchase potato seeds. In autumn, they will harvest their potatoes and sell them to vendors at a wholesale price.
Also, growing vegetables contributes to the efforts against air pollution by converting carbon dioxide into oxygen through the process called photosynthesis. The borrower is a hardworking individual who wants to invest in her children's future education.
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.