Ganzorig is 35 years old and lives with his family in their wooden house in Ulaanbaatar, the capital of Mongolia. His family consists of five people: Ganzorig's wife, daughter, parents and himself. Ganzorig has been working as a heatline plumber in a government company for twelve years. His wife has been working as a cleaner for a private company since 2011, and his daughter goes to public school. His parents are pensioners and live in the ger, a traditional Mongolian yurt, on his plot of land.
Ganzorig is planning to extend his house in order to give it more square meters and to live together with his parents. The loan he is taking will be used to purchase building materials for his house extension. By doing this, Ganzorig will have a chance to live with his elderly parents who are in need of assistance, and his family will have a more spacious house.
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 Mongol
Credit 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.