Munkhbayar finished building his house on his land in 2007 and since that time the house has been deteriorating over the years and needs some renovation. So he is requesting a loan of 3,500,000 MNT to purchase building materials such as bricks, cement, planks and a hardwood floor. As a result, the couple will be able to live in a more comfortable and warmer place in the cold period, especially in winter. The renovated house will also enable the family to burn less coal, thus contributing to the efforts against air pollution by emitting less smoke. The borrower is a very hardworking individual who deeply cares for his wife.
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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