Ayur, 41 sells second-hand clothes with his wife in the front yard of the market. He has been running his business for a decade nonstop and he has had many regular customers. He buys his stock from the second-hand clothes shops and also some households that sell to him. He lives with his wife in a ger district, with the Mongolian traditional nomadic yurts, in Ulaanbaatar, the capital city of Mongolia. He owns an old house which was built many years ago and it needs some repairs. In winter it has too much heat loss through windows and doors due to the damages to them. So, he uses the coal-fired stove to warm his home and coal costs are high. He decided to replace his windows and doors and believes that the air pollution will not be reduced unless everyone could cut their overall coal usage. He needs about MNT 6.000.000 to cover the cost of new windows and doors, as well covering the costs of hired workers.
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 Mongol
Credit 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.