Sshe has been making the shoes for four years, and she has many permanent customers. Her average output is 4 to 5 shoes in a month. She sells them to her customers for about MNT 150,000; her cost is MNT 60,000. Her husband is a teacher and earns not so much.
She really wanted to repair her house because it is a cold and uncomfortable place. In winter her home becomes very cold; frost forms on the walls. Her house has not had any big renovation for many years; before, her parents had lived there.
She is planning to insulate the walls with foam and cement within this summer. She said that her work place and home will be comfortable, and she and her family will be inspired by it. She also thinks it is very important to her family’s health in the future. The loan she is taking will be used to buy the building materials.
More information about this loan
This loan is part of Credit Mongol's green loan program, which helps clients to purchase products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning coal in the winter.
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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