Tuvshuntugs is requesting a loan of 55,00,000 MNT to cover the cost of water closet improvements, plumbing updates, purchase of ceiling, vacuum door and floor heating system installation. Installing a floor heating system will be beneficial as sometimes heat distribution from the heating station stops. Also ceiling and vacuum door installment can help a lot in keeping warm. As a result, the heat loss from door side will be stopped and the apartment will better retain heat. The couple will then have no fear of their son getting cold and can work enthusiastically for their future.
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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