A loan of $1,500 helped to buy a new electric heating panel for his new family house.


Bayanmunkh's story

Mr. Bayanmunkh, 37, has been running a taxi service for last two years. He also has an auto body repair business in his backyard. He lives with his wife and two daughters in a ger, a traditional Mongolian nomadic yurt in the ger district of Ulaanbaatar, the capital of Mongolia. The ger in winter is cold. His two daughters always get sick from the cold in their home. To improve the situation, Mr. Bayanmunkh has started building a house for his family. He is planning to install an electric heating panel in his new home. As he says, “it is very useful and healthy to the environment and health of the people." Moreover, it is very economical. He can cut the cost of his coal fuel by having electric heating. 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 even in the cities. Also, in winter, many parts of the country are extremely cold with snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night by families just trying to stay warm. Also, the toxic smoke from the cars is one of main causes of Mongolian hard air pollution. In response to this situation, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems, and to buy cars that run on natural gas. The loan Mr. Bayanmunkh is taking will cover the cost of a new electric heating panel for his new family house.



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