Munkhzul is seeking a loan to improve her family's living conditions. Their apartment is small, having been built in the Soviet era, and requires some upgrades. She is requesting a 3,000,000 MNT loan to buy a new radiator and double-glazed windows. She also wants to replace the old rusty water lines with new PVC and the electric lines with safer ones to prevent fires.
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This loan is part of Credit Mongol's green loan program, which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
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.
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