Update on GurragchaaGurragchaa wanted to renovate his ger, a traditional Mongolian nomadic tent. The things he would like to renovate include the floor, cover, and other small parts. Because these parts have been becoming old and out of usage. Also heat-loss happens through the undressed warm cover of ger. It increases the usage of coal fuel which raises extremely poisonous air all around of city. During last few years it has been one of biggest and essential issue in Mongolians. After the making the insulation to his ger, coal usage will be decreased notably as he planned. The loan he is taking will be dedicated to purchase some parts of ger such as warm cover for his home renovation. It will improve his living conditions.
Previous Loan DetailsGurragchaa is 30 years old and lives with his wife and three children in Ulaanbaatar, the capital of Mongolia. They all live together in a traditional Mongolian nomadic tent on his sister’s plot of land. Gurragchaa’s wife is a waitress at café. Two of the couple’s children attend the local… More from Gurragchaa's previous loan »
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.
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Success!! The loan was 100% repaid