A loan of $1,125 helped to buy some building materials and a new smokeless furnace for his home repair.

Lkhasuren's story

Mr. Lkhasuren, 37, works as a driver in a private company. He lives with his family in his recently purchased house and land plot 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. His house has some problems such as heat loss and damages to its roof, inside walls etc. This is why he is planning to make repairs and insulate them using rock wool, cement and red bricks. Also he will replace his furnace which uses smoky coal with a smokeless one. He thinks his home will be warmer after the wall and roof insulation and a new smart furnace.

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 winter, 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 of 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 the cars 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 he is taking will used to buy some building materials and new smokeless furnace for his home repair.

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