She has been running a furniture making workshop for thirteen years and employs two people. Last year, the house she lived in was burned down and only four walls remain. Now she and her daughter are residing in a traditional Mongolian ger (portable felt dwelling).
As winter is approaching Mongolia, she wants to build a new house on the remains of her old house. To do this, she is requesting a loan of 7,000,000 MNT to purchase building and insulation materials such as bricks, cement, fiberglass and foam.
Using those materials, she can make her old house more comfortable and better at retaining warmth. As a result, the house will no longer lose its heat and the family will burn less coal, thus releasing less pollutants into the air.
More information about this loan
This loan is part of Credit Mongol's green loan program, which helps clients to gain access to electricity through solar panel kits, as well as other products for improving their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
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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This loan has been fully funded!