He lives with his wife and three children in his house, which is in the ger district (gers are Mongolian nomadic yurts). His son and daughter are students at the college, and his wife has worked as a builder since 1999.
Oyunbat’s family owns an old house, which is rundown and loses heat. In winter his family always feels cold and gets sick because it is so chilly at home. He wants to repair some parts of his house. His plan includes rebuilding his floor by cement; insulating the inside walls with foam and glass-wool; repairing his roof with metal sheets, and installing electric floor heating panels. As he expects, the house will be warmer and more comfortable for his family to live in. Also he mentioned cutting his coal-fired furnace after the repairs.
He needs about 6,500,000 MNT to cover the cost of building materials needed to repair to his poor old house. In addition, he and his wife will repair the house themselves.
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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