Mr. Munkhjargal, 55 years old, lives alone in Kherlen, an eastern town of Mongolia. He has been growing and selling vegetables to local people for many years. Recently the well he used for irrigation dried up and this incident caused his seed planting schedule to be delayed. He is requesting a loan of 1,500,000 MNT to cover the cost of digging a well on his land. After digging this well and connecting up the irrigation system, he will be able to plant his seeds immediately. He usually grows cabbage, potatoes and carrots. In his town, he is well known for his hardworking and stern character.
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.