A loan of $1,150 helped to cover the cost of the building and insulation materials for her home repair.

Shinebayar's story

Mrs. Shinebayar, 37, is a gas-fitter and she has been working for five years. Sometimes she runs a taxi business for extra profit. Currently she lives with her family in the common apartment in Kherlen, an eastern boundary city in Mongolia. Her living apartment was built in the socialist era before the 1990’s. Since then it has never had any repairs or renovation done to it. It has too much heat loss and emissions through the walls, ceiling and windows. And it becomes too cold and uncomfortable to live in winter time. So that she decided to take a Green loan to make some repairs such as wall and window 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 the 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. As well, the extremely toxic smoke from the cars is one of main reasons Mongolia has hard air pollution. In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss, improve heating systems and buy cars that run on the natural gas. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan she is taking will be used to cover the cost of the building and insulation materials for her home repair. She believes that her home will be warm and comfortable to live with her family after the repair.

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