Bayartogtokh's house was built with thin walls. He said that this winter will be colder than previous years and he thought the colder winter would increase heating costs. Before the "cold air chills the chin" and in order to stop the heat loss through the walls, Bayartogtokh is planning to insulate his house walls on both sides by using energy-saving materials like foam, glass wool, and double-glazed windows.
By doing this he can work without worrying about his mother. His elderly mother needs someone who permanently cares for her. Every son loves to take care of his mother and Bayartogtokh is no exception. He said that in the future, if his brother has a family, he will stay with his mother.
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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