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Battsetseg
Battsetseg, 29 years old, lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. She has been selling vegetables and fruits to local people at an outdoor market since 2010. Her husband has been transporting goods between cities using his own truck on contract with private business entities. They grow vegetables on their plot of land. However, due to a lack of cash, they can't afford to purchase enough seeds and install an irrigation system. Therefore she is requesting a loan of 5,000,000 MNT to cover the cost associated with growing vegetables such as potatoes, cabbage and carrots. Growing vegetables not only contributes to the family income but also to the environment by turning carbon dioxide into oxygen. The borrower is a very hardworking individual who cares deeply for her children and husband.

Additional Information

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 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

  • $2,175
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,448.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,475 helped Battsetseg to cover the cost of growing vegetables.
74% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
Possible