Munkhzul has been working as an operator in an ore-dressing enterprise, since 1999. A few months ago, her brother started work as a millwright in Oyutolgoi, Umnugovi Aimakh, approximately 600 km from the city of Ulaanbaatar.
It’s very difficult to live with her brother’s family in a small apartment. That’s why she started to build a house for her brother's family. Her brother’s family income is not enough. Munkhzul is a very kind person. This autumn she started to build a house in blocks. Now she needs more money to buy construction material such as roof material, double-glazed windows, doors and the necessary material for interior decoration.
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 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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