Even though they have a house on their land, they live in a Mongolian traditional ger since the house has vulnerable windows, walls and roofs. But recently they decided to move into their house because as winter comes, the ger couldn't afford comfortable and warm accommodation due to its long-time usage. So Mrs. Tuvshinmandakh is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, planks, vacuum-insulated windows, hardwood floors, shingles, fiberglass, cotton and gypsum.
Using those materials, she and her husband will repair and insulate their house. As a result, they can live in a comfortable and warm place no fear of harsh wintertime. More importantly, the renovated house will enable the family to burn less coal, emit less smoke, and contribute to the efforts against air pollution.
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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