A loan of $1,050 helped to buy materials for her house's wall insulation.


Mendbayar's story

Mrs. Mendbayar, 31, is a hairdresser. She started her business two years ago in some rental rooms. She lives with her husband and her son in a ger district, an area of the city with no running water, minimal roads, and spotty electricity in Ulaanbaatar, the capital city of Mongolia. Her family owns a house, which she inherited from her parents, but it is old and uncomfortable to live in. Also, it emits heat through the walls and corners. It has become the main reason why she spends too much for coal and other fuels. So, that is why she wants to repair her house walls by installing insulation. She needs some building materials such as bricks, cement, rock, wool and other 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, 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. In addition, the extremely toxic smoke from cars is one of the main reasons Mongolia has so much 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 she is taking out will be used to buy materials for her house's wall insulation.



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