They moved to their house 10 years ago and since that time, never made any renovations to their house. So, she is requesting a loan of 7,000,000 MNT (Mongolian tugriks) to purchase vacuum-insulated windows, hardwood floors, fiberglass and cement. Using those materials, her husband will make renovations to the old house, thus creating a comfortable and warm place. In this energy-preserving house, heat loss will be minimal, and the family will 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 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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