Thus, he is requesting a loan of 6800000 MNT to purchase construction materials such as planks, panels, independent ceiling, doors, vacuum insulated windows, bricks, blocks, cement, sand, pebbles and an iron roof. As a result, his family will be able to live in a warm and comfortable home while parking their car in an insulated garage. Most importantly, his family will burn less coal to heat their house, thus contributing to the efforts against air pollution. Additionally, a car parked in a warm garage has the benefits of stable usage, lower fuel consumption, and lower probability of breaking down compared to automobiles parked outside.
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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