Narantsetseg lives with her family in an old house which was built many years ago. The house has a heat loss and emission through its walls and some other parts. In winter they feel very cold and use the coal-fired stove to stay warm at home.
Before this winter, she wants to repair her house and make wall insulation to it. As she told us, “It will be very beneficial to reduce my cost of coal purchasing. Yet, it will be healthful to the environment (if) I could reduce the coal usage in winter.”
The loan she is taking will be used to buy the insulation materials such as the foam, cement, etc. to make the wall insulation to her old house before the winter.
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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