Mrs. Enkhchimeg, 32, lives with her husband, three children, and mother-in-law in a 35 sq. meter, one-room apartment in Ulaanbaatar, the capital city of Mongolia. Enkchimeg has been working as a manager in a beauty salon for two years. Her husband rents a supermarket, which he manages with his mother, and her children go to school.
Enhchimeg is seeking a loan to improve her family's living conditions. Their apartment is small, was built in the Soviet era, and needs some repair. In particular, there is not enough room for the children. Enkhchimeg and her husband are planning to reconstruct the kitchen and make it a children's room. They also want to replace the old rusty water lines with new PVC and to replace the electric lines with safer ones to prevent fires.
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.