Dorjpalam's family owns a small old house and it has not had any repairs or renovation in last several years. It was built in the early 1990’s with uninsulated brick walls. In winter, his house becomes very cold and his children always get sick due to the cold. Because his house has a heat-loss problem, it costs him a lot to buy coal fuel every winter. In Mongolia winter is severe and freezing cold. Most of the households in the ger districts use coal and other kind of toxic fuels such as used tires, shoes, etc. As you know it is extremely harmful to peoples' health, the environment, and the air around the cities. As a result, Dorjpalam decided to put insulation in the walls of his house before this coming winter. Recently, the Mongolian government and many other people, institutions, and enterprises have been caring and starting some projects to decrease air pollution in the cities. The loan he is requesting will be used to buy bricks and foam to put insulation in the walls of his house. In addition, his co-workers and friends will support him in this project.
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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