Lkhasuren lives with his family in a "ger", a Mongolian traditional nomadic tent in Ulaanbaatar, the capital city of Mongolia. Lately his "ger" cover is becoming old and is too thin in freezing cold winter weather. Therefore he needs to exchange it for new one. A "ger" cover is a core part of a Mongolian yurt and is made from sheep wool. The loan he is requesting will be dedicated to covering the cost of new "ger" covering to improve his family's living conditions.
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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