This extended family resides in their house on a plot of land surrounded with fences. The fences are built with planks. As winter come to Mongolia, strong storms may break down the fences. Additionally, wooden planks are prone to fire, whether accidental or on purpose. They also deteriorate over the years. So they have decided to replace the planks with blocks in order to strengthen the fences. Advantages of block fences are an invulnerability to fire and the ability to keep the family warm by blocking the winds. People with wooden fences repair them by simply cutting forest trees. In order to protect the forest, block fences are encouraged everywhere. Mrs. Bujigmaa is requesting a loan of 4,000,000 MNT to purchase blocks. As a result the family can live in a safe place without the fire hazard of wooden fences.
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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