She lives with her husband, her two sons and her mother in an old house in the ger district, an area of Mongolian traditional nomadic yurts and houses in Ulaanbaatar, the capital city. Her husband runs a taxi with his brother’s old car and earns not so much. Next year, she and her husband are planning to open a small grocery store in their backyard. It will be a very important step for her family, she said.
Tserennadmid is planning to install the electric-heated floor in her new store. It will cut the use of a coal fired-stove further. The loan she is taking will be used to pay for the electric-heated floor at her store.
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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.
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This loan has been fully funded!