A loan of $1,875 helped to buy building materials to make repairs and to insulate the walls of his old apartment rooms to reduce heat loss and emissions.

Bayaraa's story

Mr. Bayaraa, 35, is an electrician in the power plant in Darkhan, the second largest city in Mongolia. His salary is not so high and it does not usually meet his family's needs. He lives with his wife and his two children in their old house. His wife is a pharmacist, but she still has not been employed and she runs a taxi business to increase the family's income.

His house was built in the early 1990s and since then it has never been renovated or had any repairs. Due to this, it is becoming difficult and uncomfortable to live in their old, bad house. Especially in winter, his house becomes very cold due to the heat loss through the windows and walls. So he decided to make necessary repairs to his house. To start with, he is planning to put in wall and window insulation. He hopes it will be very helpful to reduce the smoky coal usage and the related excessive fuel cost.

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 where temperatures frequently go below -40 ºC (-40 ºF), even in the cities. Also, in summer, many parts of the country are extremely cold and are known to have snow storms. 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. Credit Mongol believes that together, we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Mr. Bayaraa is taking will be dedicated to buying building materials to make the repairs and to insulate the walls of his old apartment rooms to reduce heat loss and emissions.

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