The family resides in an old house on a plot of land. His wife is unemployed and stays at home looking after their children. He has been working as a truck driver at a mining company for one year. The house they live in has been deteriorating and recently he began repairing it, but due to the lack of finance, he didn't finish. So he is requesting a loan of 2,300,000 MNT to purchase bricks, cement, windows and fiberglass.
After the renovation, his family will live in a comfortable and warm place where they won't burn much coal for heating, thus releasing fewer pollutants into the atmosphere. The borrower is a very hardworking individual who strives for a better future.
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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
0View loans »
This loan has been fully funded!