She is requesting a loan of 7,000,000 MNT to purchase vegetable seeds, fertilizers, and building materials (such as planks, metals and bricks). Using these building materials, her husband will build a greenhouse near their home. After that, she will plant tomato, carrot, and cabbage seeds. Growing vegetables instead of buying directly from markets will help the family save money and ensure food safety. More importantly, plants will undertake photosynthesis, which converts carbon dioxide into oxygen, and will contribute to clean air efforts. The borrower is a very hardworking individual who strives for a better future.
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This loan is part of Credit Mongol's green loan program, which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
About Credit MongolCredit 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.
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This loan has been fully funded!