She and her husband both have disabilities and work at the same company, which is dedicated to providing jobs to disabled people. She is a seamstress and her husband is carpenter. Her son, after graduating from university, began working as a technician at a television broadcasting company. Her mother has retired from work and gets a state pension.
The apartment they live in came into service in 1985, and since that time, it has never received any repair. So, Otgontuya is requesting a loan of 3,000,000 MNT to purchase building and insulation materials, such as wallpaper, fiberglass and foam. Using those materials, she will repair and insulate her own apartment. As a result, the apartment will no longer lose its heat through walls and windows, thus preserving energy.
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 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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Success!! The loan was 100% repaid