Purevsuren is a photographer, and she works in Sukhbaatar Square, the central square of the capital, Ulaanbaatar. Lots of people who come from abroad and the far reaches of the province go to Sukhbaatar Square where Purevsuren may take their photo in memory of their visit. Purevsuren’s son and daughter both have learned her profession and become photographers as well.
The house where Purevsuren’s family lives has gotten old and needs renovation. The loan Purevsuren is taking will be used to put an extra layer of brick wall around the house to make it warmer, replace roof tiles and doors, and decorate the house’s interior.
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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