By saving money, they bought a plot of land in a remote part of the city where they built their house. In winter, the heat goes out through the door and the house gets colder, so they need to use a coal-burning stove to keep warm. Coal burning is becoming the primary source of air pollution in Mongolia.
Therefore, Delgerkhangai is requesting a loan of 2,000,000 MNT so a small barn can be built where the house door opens outside. By doing this, the heat loss will be reduced, he will burn less coal, and his family will live in comfortable conditions.
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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