Mr. Orgil-Erdene is 26 years old and lives with his wife and two children in their wooden house in Ulaanbaatar, the capital city of Mongolia. Since 2010, he has worked as an electrical engineer at a local company. His wife works as a shop assistant.
A couple of years ago, he built a wooden house. He is asking for 2,500,000 MNT (Mongolian tugriks) to set in a floor heating system. By doing this, his house will be warm and comfortable, and they will burn less coal than usual. And also, his children can play on the floor with him.
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.