Munkhbukh, together with his wife began a raw materials sales business in 2005. They purchase bottles of alcohol, beer and juice, damaged bricks and other materials from people who collect them for a living. Later they sell them at higher price after making some adjustments such as repairing bricks or cleaning bottles.
The house they live in has deteriorated over the years and it needs some renovation. So Munkhbukh is requesting a loan of 7000000 MNT to purchase building and insulation materials such as bricks, cements, fiberglass and foam. By doing so, his family will live in a comfortable and warm place without worrying about the coming winter. The renovated house will enable the family to burn less coal for heating thus releasing less pollutants into the atmosphere.
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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