A loan of $3,775 helped to buy the building and insulation materials for her house wall insulation.

Munhkbayar's story

Munkhbayar, 42, sells fruits in the bazaar and she has been doing her business for 9 years. She lives with her husband and her son in the 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 is built from wood, but it has air leaks through the walls and corners. That is the main reason why it costs too much for coal and other fuels, so she wants to repair her house walls by adding 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 (-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 cars is one of the main reasons for Mongolian 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 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 dedicated to buy the building and insulation materials for her house wall insulation.

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