A loan of $2,675 helped to buy building materials to make repairs and to insulate the walls of her house to reduce heat loss and emissions.


Ariunaa's story

Ariunaa, 44, is cook and she runs a small eating house in the downtown of Ulaanbaatar, the capital city of Mongolia. Since 2006 she has been running her business; before this she used to work as a chief cook in another restaurant.

She lives with her husband and her daughter on her plot of land in the ger district, an area of the city with no running water, minimal roads and spotty electricity. She has three old houses on her plot of land and she rents two of them. But lately her houses have been in very bad condition and need repairs. So she wants to take a loan to buy the building materials for the repairs of her old houses.

She is planning to insulate the walls of her own living house first. Because it becomes very cold inside the house without wall insulation, it costs too much money for the smoky coal needed to warm the inside of the house.

Also lack of insulation has a bad effect on the air of the city. Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters, when temperatures frequently go below -40C (-40F), even in the cities. Also, in summer, many parts of the country are extremely cold and are known to have snowstorms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm.

In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Ariunaa is taking will be dedicated to buying building materials to make repairs and to insulate the walls of her house to reduce heat loss and emissions.



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Loan details