He and his wife have retired from work and get a state pension. His son has been rendering transportation service to local people using his own micro bus. Recently, his wife began working as a conductor of a bus. As for him, he wants to grow vegetables on his land to eat themselves or sell to vendors.
So he is requesting a loan of 7,000,000 MNT to cover the cost of growing vegetables such as digging the ground, purchasing seeds, connecting a pipeline and digging a well. The borrower is a very hardworking individual who can't just sit idle.
Growing vegetables will help the efforts against air pollution as it will turn carbon dioxide into oxygen.
More information about this loan
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!