Mr. Battulga, 47 years old, lives with his wife and children in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (portable felt dwelling) on a plot of land. He has been collecting and selling plastic, glass and metals to a recycling factory for five years and has accumulated a vast amount of experience. His wife makes and sells diary products to local vendors.
Battulga is requesting a loan of 2,000,000 MNT to purchase recycling materials at lower prices from people who wander around garbage dumps and collect bottles, spare parts and timber. After purchasing those materials from people, he sorts them into categories depending on their usage and later supplies them to the recycling factory.
Recycling itself has great positive impacts on the earth. 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.