Sharavdulam, 38 years old, lives with her husband and three children in house on a fenced land in Ulaanbaatar, capital city of Mongolia. She has been selling shoes to local people in a rented stall at an outdoor market for fifteen years. She usually collects her goods from wholesalers who import German and Korean shoes in large quantities. Her husband used to run a grocery store.
She is requesting a loan of 6,000,000 MNT to purchase materials and cover the costs of digging a deep water well near her greenhouse. This year they planted vegetables such as cabbage and potatoes and now plan to harvest them. This year's planting was a test to examine the fertility of land and the result was good enough. So she and her husband plan to grow vegetables in large quantities next year and they are solving its irrigation problem by digging a deep water well. The borrower is a very hardworking individual who strives for 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.