Mrs.Tsolmon, 47 years old, lives with her husband and a 12-year-old girl in their wooden house in Darkhan, the second largest city of Mongolia. She works as a plasterer in a local construction company, and her husband is a taxi driver.
In winter, her family uses a coal-burning stove to overcome the winter. Every day, she gets up at 5 and goes to sleep at 12 to burn the coal; if not, the house gets cold. A smoke, generated from the stoves, is polluting the atmosphere and threatening people’s health and the environment. So Tsolmon is requesting 5,000,000 MNT (Mongolian tugriks) to connect her house to the central heating system, which is located not far from her house. She told us that if people want to connect their house to the central heating system, they need to spend a lot of money and time to get a number of permissions from the city administration. She has been waiting for this moment for the last three years. By doing this, her family will live in more comfortable conditions and won’t use the coal to warm the house.
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.