Otgonjargal needs a loan to buy a heated-floor rather than using one of the smoky and harmful coal furnaces. These cost too much, especially in winter time. Coal usage creates a lot of air pollution and is toxic to the air in the cities of Mongolia. In last several years, air pollution and air quality has become one of the biggest issues in most Mongolian households and big cities.
Otgonjargal is also planning to use some part of her loan to increase the groceries in her grocery store. This will expand her sales volume and increase her business earnings.
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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