Lately his house has became very old and damaged in many parts, especially the floor, walls and the roof. Therefore he decided to make renovations to his house in order to live in comfortable living conditions with his family. According to his plan, he will add insulation to the walls and windows before this winter because there is always too much heat-loss by the uninsulated walls and windows. The loan he is requesting will be dedicated to purchasing some necessary building materials to make renovations to his old house.
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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