Since 2006, he has been building his own house, and 90 percent of the construction work is now completed. Due to finances, he hasn’t finished the interior work, and now wants to finish it as soon as possible. So, he is requesting a loan of 6500000 MNT to purchase construction and insulation materials such as cement, gypsum and glass cotton.
As a result, the family will be able to live in a comfortable and warm place due to an insulated and completed house. More importantly, the house will reduce coal usage drastically, which will contribute greatly to the environmental protection cause.
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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This loan has been fully funded!