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Khalzankhuu
Mr. Khalzankhuu, 62 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in Mongolian traditional ger (portable felt dwelling).

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.

Additional Information

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,825 helped Khalzankhuu to pay for digging the ground, purchasing vegetable seeds, connecting a pipeline and digging a well so he can grow vegetables to eat or sell to vendors.
87% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2015