They own an old house that was built a long time ago. It has never had an overhaul since it was built. In winter, her old house loses heat, and smoke from heating escapes, through the roof and walls. She and her brother together made a small repair, but still it is happening. So she wants to have professional builders make the repairs before this coming winter.
For many years, her family has burned too much coal and other kind of fuels just to stay warm at home in winter. She knows it is the worst thing for their health and the environment. The loan she is taking will be dedicated to buying the building materials to install insulation and repair the walls and roof of her house, and cover the cost for hired builders.
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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