Her husband is a taxi driver, and his working days begin at six o’clock in the morning, when he takes his wife and children to their schools and the market. Bum-Ayush told us that standing at the counter is hard work for a woman, especially in the winter, but it is more profitable than her previous job. Every month she needs to go to the closest border with China, about two days away by train, to buy goods. Her old house is in incredibly bad condition. Every winter, she must burn 10 tons of coal to stay warm, while other families use only 2-4 tons. Burning more coal burning releases more harmful gas and dust into the atmosphere. Bum-Ayush, like every mother, loves her children, so she is planning to thicken her house walls, using materials such as cement, bricks, and glass-wool insulation, in order to stop the heat loss through the walls. So, Bum-Ayush is requesting 5,000,000 MNT to thicken her house walls.
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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