In the near future, he wants to build his own house on his land. So he is requesting a loan of 3,000,000 MNT to purchase fiber glass, cement and bricks. During this period of the year, the price of building materials reaches its lowest rate and it will save him quite a lot of money. Using his savings, he has already purchased foam substances and other materials. As spring approaches, he will begin construction work on his house.
The borrower is a very hardworking individual who strives for a better future for the sake of his children. Building a high-quality house has several advantages, namely it will reduce the usage of coal thus contributing to the efforts against air pollution and will provide better living conditions for the family etc.
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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