Mr. Aadar, 53 years old, lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. The family resides in their own house on plot of land. He has been rendering taxi services to local people for ten consecutive years and has accumulated a vast amount of experience in this service. His wife rents small cafeteria. Two months ago, his daughter was employed in the mobile industry.
The house they live in has deteriorated over the years; especially the interior components - such as floor and walls - have become so vulnerable to strong winds, storms, and frosts. So, he is requesting a loan of 5000000 MNT to purchase building and insulation materials such as fiberglass, foam, bricks, and cement. Using those materials, he can repair his house, providing his family with warmer and more comfortable accommodations. The renovated house will enable the family to burn less coal, emit less smoke, thus contributing to the efforts against air pollution.
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 Mongol
Credit 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.