Tumur-Ochir has been working as an electrician since 1999 at a private business where his wife is employed as a cook. His elder daughter currently stays at home looking after her 4-year-old son. His son-in-law previously worked in China on an employment contract, and came back to Mongolia in January.
The house this extended family lives in has been deteriorating over the years and needs some serious repair. Tumur-Ochir is requesting a loan of 7,000,000 MNT to purchase putty, paint, concrete blocks, bricks, cement, and sand. Using these materials, he can repair the old house so that it looks good and is energy efficient.
The renovated house will enable the family to burn less coal and emit less smoke, which will contribute to the efforts against air pollution. The borrower is a very hard-working 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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