Enkhtuya, age 50, lives with her family in Ulaanbaatar, the capital city of Mongolia. She has been producing felts for gers (Mongolian traditional homes) for the last six years. As winter comes to Mongolia, many households are in need of felts and felt demand is increasing due to its insulating property. But because of a lack of finance, she can’t afford the process of felt making. So she is requesting a loan of 6,800,000 MNT to buy some equipment and machines. As a result, the people who need to insulate their gers will be able to buy felts, and Enkhtuya will be able to generate more income for her family. Most importantly, it will contribute greatly to environmental protection as insulated homes burn less coal as a source of heat.
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.