To raise their living standard, he has begun building his own house which occupies a 40-square-meter area. Just now he has finished the foundation and purchased some materials such as bricks, planks and others. But due to lack of finances, he hasn’t completely bought the construction materials. During wintertime, construction materials get cheaper so he is requesting a loan of 3,000,000 MNT to buy construction materials.
High quality houses such as he is expecting to build reduce the consumption of coal and as a result will reduce air pollution. By finishing his house, he can make a comfortable living environment for his family and can contribute to environmental security.
More information about this loan
This loan is part of Credit Mongol's green loan program, which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
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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