Mrs.Oyunbileg, 39, lives with her husband and two children in Kherlen, a city located in Dornod, the far eastern province of Mongolia. Her children both attend a secondary school, while her husband delivers goods to remote cities around the province using his small truck. Mrs.Oyunbileg has been operating a fruits and vegetable retail business for seven years. She sells her products at Shur, the biggest food market in Kherlen city. She rents a stall there. She buys her vegetables from wholesalers who import them from China. They are cheap, but low quality and grown using fertilizers. Therefore she has decided to grow her own organic vegetables. Oyunbileg has obtained permission to farm a plot of land and is now processing the soil. The loan she is requesting will be used to buy more vegetables to sell as well as seeds and equipment to process the land and to grow organic vegetables.
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.