Mrs. Bujlham is 39 years old, lives with her husband and son in her recently built house in Ulaanbaatar, the capital city of Mongolia. She has worked as a bookkeeper in a private kindergarten since 2011. Her husband has worked as a driver for a building company for 5 years. During the last 7 years, they have saved every penny of their money to build a house. However, her house is located in a boundary area of the city with no running water, minimal roads and spotty electricity. Her family is living a life full of happiness now that they have their own private house. Before building the house they lived in a rented house.
Bujlham and her husband have been running a taxi business in their spare time to increase the family income. Before the winter, her family has built their house hurry-scurry and interior finishings like walls, roof insulation, and installation of a heating system, are still to be completed. Mrs.Bujlham is requesting 5,000,000 MNT loan. The loan she is taking will be used to complete the interior of her house by using energy-saving materials and to install a low-pressure furnace which generates less harmful chemicals in order to save the environment.
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.
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,625 helped Bujlham to complete her house interior construction by using energy-saving materials and to install low-pressure furnace which generates less harmful chemicals in order to save the environment.