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


Tungalag's story

Mrs. Tungalag, 44, is a hairdresser. She rents the workshop that she has been using for eight years nonstop. She is widowed and lives with her two daughters and her son in her old and bad house, which is in the ger (Mongolian housing tents) district, an area of the city with no running water, minimal roads and spotty electricity in Ulaanbaatar, the capital city of Mongolia.

For many years her house has been old and uncomfortable to live in. Also, it has an emission through the walls and corners. She wants to repair her house walls by making 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 when 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 snowstorms. 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 the main reasons for Mongolian 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 the 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 used to buy building and insulation materials for her house wall insulation.



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