They use coal to stay warm. This explains why Mongolia is one of the worst countries in the world for air pollution. He says that they consume 6 tons of coal to overcome the cold in the winter. This determines the amount of carbon dioxide they emit into the environment. Lkhagva-Ochir is requesting a loan of 2,300,000 MNT to buy a new ger. By doing this, his ger will be warm and comfortable, and they will burn less coal.
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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