Mr. Munkh-Erdene, 33 years old, lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. He has been working as a coal transporter for eight consecutive years and, especially in summer, he travels far away to transport goods between Ulaanbaatar and Erlian, a border city with China.
While his family has income sources, his sister is unemployed and lives in a house without a heating system. So he has decided to install a heating system in his sister’s old wooden house as preparation for the harsh winter period. Also, his sister wants to make her house into a food store as an income source.
Munkh-Erdene is requesting a loan of 6,500,000 MNT to buy insulating materials as well as a heating system. As a result, the house will get warm and it will consume less coal; in return it will greatly contribute to efforts against air pollution.
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 Mongol
Credit 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.