A loan of $1,875 helped buy and install insulation for his house.

Zolbayar's story

Zolbayar, 22, works as a janitor in a hotel in Ulaanbaatar, the capital city of Mongolia. He has been working for 9 months. His salary is not so good and it does not meet with his monthly necessities often. He lives with his wife, a student, and his daughter in his old house which is in the ger district, an area of city with no running water, minimal roads and spotty electricity. Currently, his job is the main income source for his family.

Zolbayar's house has too much heat loss and emissions in winter. This is caused by old, bad walls and some other parts of his house and it costs much in coal fuel to warm his home. His daughter, 2, always has flu in the winter time. So, Zolbayar planned to repair his house. To start, he is planning to add wall insulation with bricks and cement. He thinks this will keep his home warm and there will be no more emissions after the 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 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 reason for Mongolia's 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 natural gas. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health. The loan Zolbayar is taking will be used to buy and install insulation for his house.

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