Initially Enkhbaatar started the business with 6 PCs and now he has 20 PCs. Throughout the day Enkhbaatar stays on his business and night times he runs a taxi to gain extra income for his family. In 2006 his family bought a plot of land in an area of the city with no running water, minimal roads and spotty electricity. In the meantime, they have been building a house and it’s 80% complete.
Enkhbaatar spent all the money he saved since he began his business to build a house. Now he is short on money and due to that, his building has to stop. Therefore, Enkhbaatar is a requesting a loan to complete his house. Using the loan, he will do interior decoration and install a low-pressure furnace, which emits less carbon dioxide into the atmosphere, and build a barn where the house door meets with outside.
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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Success!! The loan was 100% repaid