A loan of $1,425 helped to pay for double-glazed vacuum windows for his new family house.

Gal-Erdene's story

Mr. Gal-Erdene, 42, lives with his wife and two children in the ger district of Ulaanbaatar, the capital city of Mongolia, an area of the city with no running water, minimal roads and spotty electricity. Gal-Erdene has has been running a taxi around the districts of Ulaanbaatar since June of 2011, previously having conducted a retailing business in the Russian border towns. His wife works as a teacher in the kindergarten. His six-year-old son is disabled and receives the child allowance from the government.

Living in the ger in winter is cold, and Gal-Erdene's children always get sick because of that cold. He has therefore started to build a house for his family and plans to install double-glazed vacuum windows in his new home to reduce coal fuel costs and pollution.

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 cold winters where temperatures frequently go below -40C (-40F) and snow storms occur. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night as families just try to stay warm. As well, the extremely toxic emissions from cars are a major contributor to 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 cars that operate on natural gas.

Loan details

Lenders and lending teams

Loan details