In 2009 Badralmaa bought a plot of land and built a small family house. The house was built of wooden planks and it was completed as a basic structure. The house needs an improvement by installing insulation materials on all walls and roof and covering the insulation with one layer of brick wall.
Mongolian winter is one of the harshest in the world and on winter nights it reaches minus 40 to 45 degrees of Celsius. The loan Badralmaa is requesting will be used to buy insulation materials for the walls and roof and enough bricks to cover the walls from outside. Also it will be used to install a low pressure heating system which uses less coal to burn and releases much less smoke to the air.
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 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid