Since 2010, Altai has been working as a carpenter for a construction company. He is a talented carpenter and began by sculpting little animal shapes when he was in secondary school.
Altai goes to work early in the morning and comes back at midnight due to his workload. When he comes home, a freezing cold house greets him. Thus, he is planning to insulate his home.
With this loan, Altai will fix the floor and roof of his house and make wall insulation using energy-saving materials. These changes will improve his living condition and stop the house from losing heat. As a result of these changes, he can save money that he now spends on heating and emit fewer of the hazardous chemicals generated by the coal-burning stove that warms the house.
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