This summer she is planning to do some renovation on her old house that is in bad condition. One of them will be having a low-pressure furnace installed in it. In wintertime, her house becomes very cold to live in with a coal furnace. She also thinks it will be very useful and important to cut down on smoky coal usage.
Every year she pays a great deal to buy the coal for heating her home. It also makes the air pollution worse all around the city. Air pollution and air quality is becoming one of biggest issues in Mongolian households and big cities. The loan she is taking out will be used to cover the cost of a low-pressure furnace for her old house.
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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