Funded

Total loan: $3,775
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Undrakh

Mongolia
Ulaanbaatar, Mongolia / Personal Housing Expenses

A loan of $3,775 helped to buy materials to insulate and repair her house.


Undrakh's story

Mrs. Undrakh, 29, is a hairdresser who rents a cellar room for 150,000 MNT a month. She has been running her business for three years nonstop. She lives with her parents in an old common apartment, which is in the boundary district of Ulaanbaatar, the capital city of Mongolia. Last May, her family purchased a small plot of land and a house in the ger district. A ger is a Mongolian traditional nomadic tent. The house still needs some extra repairs, especially to the walls, roof, floor, and windows. She hopes that her house will be comfortable and have less heat loss or emissions after the repairs. The loan she is taking will be dedicated to buying the building materials needed to insulate the walls and make other repairs to the house that her family bought.

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 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. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health.



Loan details

Loan length:

26 months
Disbursed date: June 13, 2012

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: June 13, 2012