He lives with wife and son in their house, which was built in the early 1980s. His family has been living in this house since it was built, and they have never made any improvements to it.
Lately his house has become very uncomfortable. It has become cold during winter and many parts are damaged. Therefore, Amgalanbaatar decided to make renovations to his house and he needs to purchase the necessary building materials to make these renovations. Then he will install a smokeless furnace in his living room.
In the last several years, smoke and air pollution have become big issues in Mongolia. It comes from the slum district households that use coal and old cars in the cities.
The loan Mr. Amgalanbaata is requesting will be dedicated to making renovations to his house and to buying a new smokeless furnace from a certified supplier.
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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