The external parts of house the family lives in has been deteriorating over the years and needs some repair. Also, in order to grow vegetables on their fenced land, she wants to dig a well. So she is requesting a loan of 2,500,000 MNT to purchase building materials such as bricks and cements to repair the house and pay for well-digging.
As a result, the house won't lose heat through its outer walls and windows; also the family will burn less coal, emit less smoke and contribute to cleaner air. More importantly, digging the well and growing vegetables will contribute to the efforts against air pollution greatly. The borrower is a very hardworking individual who strives for a better future.
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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Success!! The loan was 100% repaid