Nandintsetseg always wants to improve her living conditions as she can. This time she needs a loan to purchase some building materials for her own home renovation job. She is planning to change her ger’s design and renovate some of its old and bad parts. It needs a new a frame for the ger, a new cover, and some other new parts.
Changing its cover with a new one will reduce the unhealthy coal usage in winter time because the new and warm ger cover won’t have a heat loss in the cold seasons. The coal usage always creates too much air pollution with toxic chemical substances around the cities. It is the worst influence for the environment and everyone’s health. The loan Nandintsetseg is taking will be dedicated to renovate her home with a more natural-oriented idea.
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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Success!! The loan was 100% repaid