A loan of $300 helped to purchase clean and energy efficient heating fuel.

Maruush's story

Maruush is living with her husband who works in the city and moved from the countryside two years ago. She wanted to switch to clean fuel because it produces less smoke than other products and she wanted to contribute to reducing the city’s air pollution. Since purchasing the product, she has saved money on fuel and is happy that she purchased the eco-friendly fuel. She said, “This product is very efficient to use”. She is also happy to receive reduced interest rates for the fuel.

About XacBank Eco Products Program
Ulaanbaatar is the coldest capital in the world. Winter temperatures can average -20 Celsius. 60% 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. 60% of the pollution in the city during the heating season is attributed to coal burned in the Ger Districts. The bottom fifth quintile 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.

Loan details

Lenders and lending teams

Loan details