Battsetseg runs a garment and underwear retail business. Once a month she travels to China to buy her products at wholesale price and resells them to customers. We see that her business is improving dramatically in recent years.
In spring 2010, she started a building project for the family house. The house is half complete. The basement and walls are erected. This year, she is planning to complete the building project, but she lacks funding. Battsetseg is planning to build her house greener than ordinary houses. She wants to put foam insulation materials between the walls and roof, and also to install double glazed windows to make the house more insulated from the cold and wind. She is also planning to install an efficient central heating system in the house to save on heating costs. She says all these additional things will make the house warm, cost effective and green in terms of smoke emission. She is asking for a loan to buy necessary building materials and recruit a builder to complete her building project.
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 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