Otgonchuluun, 46 years old, lives with his wife in his two-room apartment in Darkhan, the second largest city of Mongolia. He has been running a baths business with his wife for several years. Before starting his business, Otgonchuluun was a plumbing teacher at a local school with specialized training. His wife manages a NGO that protects women’s rights.
He said that his baths business is helping people who are not able to take a shower at home. Otognchuluun’s baths business is located in the ger district, an area of the city with no running water, minimal roads, and spotty electricity.
He uses a charcoal burning stove to warm the cold water, which comes from a well. The smoke, containing dust and harmful chemicals, from the charcoal burning stove is becoming the primary source of air pollution and adversely affects people's health and environment. So, he is planning to buy solar panels and to install them on the roof of his baths.
The loan Othgonchuluun is taking will be used to install solar panels to warm the cold water. By doing this, he can cut the usage of charcoal by several times.
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.