A loan of $3,775 helped to buy wall insulation materials such as foam boards, rock wool, and bricks.


Batsuren's story

Batsuren is 39 years old and he lives with his wife and 2 daughters in a rental apartment in Ulaanbaatar, the capital city of Mongolia. He runs a small construction company and has been working since 2009. He hires a few builders and pays their benefits from his profits as he can. His company has done many external and internal building jobs since it was established 3 years ago.
His renting apartment is bad, small, and uncomfortable, so he has decided to build his family a house in the ger district (a ger is a Mongolian traditional nomadic yurt) in the city area. It will have a foam insulation wall. He thinks this will reduce the heat loss and emissions and won’t use much coal fuel. 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 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. Also, the extremely toxic smoke from cars is one of the main causes 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 enables them to buy cars which 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 Batsuren is taking will used to buy wall insulation materials such as the foam boards, rock wool, and bricks.



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