Mr. Mendsaikhan, 28 years old, lives with his wife in Ulaanbaatar, capital city of Mongolia. He has been working as a salesperson at a private business entity for two years. His wife has the position of manager at a private company. Besides his full-time job, Mendsaikhan also owns a rental public house and gets rental fees from the customers.
Over the years, this public house hasn't received any repairs and residents began to complain about the house's condition. So, Mendsaikhan is requesting a loan of MNT 7,000,000 to purchase building and insulation materials and to change heating and sanitation systems.
After the house's renovation, the renters will live in a comfortable and warm place, as well as reducing their coal consumption, releasing less pollutants, and contributing to the efforts against air pollution. The borrower is a very hard-working individual who cares for his customers' living conditions.
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.