A loan of $3,800 helped to buy building materials to fix the inside of the house and add wall insulation.

Bayarmagnai's story

Bayarmagnai, 42, runs a freight transportation business in urban and rural areas. He has been living with his wife and his daughter in a rental house for many years. His wife assists him and runs their business together.

Since last year he has been building his family house by brick. The building is in the middle stage and the basement, walls and roof are built completely. Now he needs some money to buy the building materials to fix the inside and add wall insulation materials.

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 -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 he is taking will be dedicated to buying the building materials to fix the inside of the house and add wall insulation.

Loan details

Lenders and lending teams

Loan details