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Selenge
Ms. O. was born and raised in Ulaanbaatar city. She wants to raise her daughter and son where she grew up but has started to worry about the pollution of the capital city. She noticed that the rivers have dried up and that everything has changed since her childhood.

Ms. O. wants to use energy efficient fuel to reduce her own pollution. She is extremely happy with the fuel and believes that she has saved 50% of her fuel costs.


About XacBank Eco Products Program:
Ulaanbaatar is the coldest capital in the world. Winter temperatures can average -20 Celsius. Sixty percent of the city population live in tents called gers, with wooden frames covered by layers of wool felt. On average, households located in the Ger Districts use 5 tons of coal and 1.5 tons of wood per year. Sixty percent of the pollution in the city during the heating season is attributed to coal burned in the Ger Districts. The bottom fifth spend as much as 40% of their monthly winter income on heating fuels.

XacBank has worked with MicroEnergy Credits to launch a line of eco-products consisting of energy efficient stoves and ger blankets, which will reduce energy consumption.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,452.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Selenge to buy clean and energy-efficient heating fuel.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 25, 2010
Listed
Feb 10, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 16, 2011