A loan of $1,525 helped to buy building materials to install wall insulation in his home.

Ankhbayar's story

Mr. Ankhbayar is 30 years old and a military man. He lives with his wife and 2 children in an apartment he recently purchased through a loan from a bank. Last August he bought his apartment and made some repairs to it. But it still has some problems such as heat loss and emissions. He is also planning to repair the windows, floor and walls. Last winter was very cold for him and his family without good insulation.

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 winter, many parts of the country become 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 its 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 building materials to install wall insulation in his home.

Loan details

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Loan details