His wife has been running a business, selling belts at a sales center by renting stalls for six years and has accumulated a vast amount of experience. For the past year, he has been producing and selling vacuum insulated windows and, even though he has been in business for a short time, he has succeeded in attracting quite a number of permanent clients.
The apartment they live in has deteriorated over the years and needs some serious repair. So, he is requesting a loan of 6,700,000 MNT in order to purchase construction and insulation materials such as gypsum, glass cottons and pressed board as well as to install a floor heating system. As a result, the family can live in a comfortable and warm place without worrying about the chilling winds and frosts. The insulated and renovated apartment offers many benefits including not loosing heat.
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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This loan has been fully funded!