Recently she bought a small plot of land in the boundary area of Kherlen. Her family is planning to build a ger and fence it in. A ger is a Mongolian traditional nomadic yurt and it is comfortable to live in for small families. But it is quite cold in winter without the additional cover which is the same as wall insulation, and it costs a lot of money for the smoky coal which is used to warm the ger inside. Using the additional ger cover cuts the smoky coal usage notably and it contributes to reducing air pollution in the city. Air pollution and air quality is one of biggest issues in most Mongolian households and big cities. Mrs. Narantuya believes that her plan is environmentally friendly. The loan she is taking will be dedicated to buy the new ger cover and building materials to build the fence around her plot of land.
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