A loan of $2,250 helped to buy some insulation materials to insulate his house walls.

Nyamlkhagva's story

Mr. Nyamlkhagva, 43 is a skilful, experienced railroader. Since 1991 he has been working as a railway man, but his monthly salary does not usually meet with his family's necessities. However he enjoys his job and his duties. He lives with his wife, 41, and his daughter in his old house which is located in the slum district in Darkhan, the second largest city in Mongolia.

Since his house was built, it has not been renovated. Every winter his family faces one big problem, that is of heat loss trough the wall and floor since the house is so old and not updated. It is detrimental to his family, harmful to their health and costly due to the fuel expenses. Therefore he has decided to insulate his house wall. Insulating the house needs foam, cement and other building 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 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 a lot of pollution every night, from families just trying to stay warm. 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 the natural gas. The loan he is taking will be used to buy insulation materials to insulate his house walls to prevent heat loss.

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