As his children are growing bigger each passing day, his current house is not providing enough space for the whole family, and has deteriorated over the years. So he has decided to build a brand new house on his recently purchased land. But due to a lack of finance, he has delayed the construction of the house.
He is requesting a loan of 6,800,000 MNT to purchase building materials, including but not limited to cement, bricks, planks and metals. As a result of building a new house, they can move to their new house and in winter time, they will burn less coal, thus contributing to the efforts against air pollution by emitting less smoke. The borrower is a very hardworking individual who cares deeply for his family.
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!