Recently Baasansuren built a new house on his small piece of land and could not finish the building completely. He especially needs to install a low-pressure furnace and panel-heating system, important factors to cut down his coal-fuel usage. It will also help the environment by decreasing the harmful effects from coal usage. The loan Baasansuren is taking will be dedicated to purchasing the new low-pressure furnace and panel-heating parts.
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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.
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Success!! The loan was 100% repaid