A loan of $1,100 helped to buy building materials, such as foam and cement, to insulate the walls of his house.

Perenlei's story

Perenlei, 26 years old, is a taxi driver, and he has been operating his business the past four years. He lives with his family in the ger district, an area of Mongolian traditional nomadic yurts and houses, in Ulaanbaatar, the capital city of Mongolia.

Since last year, he has been building a small house for his family. The work is 80% to 85% done, and he wants to buy some insulation materials for the walls. In winter, most Mongolian households use the coal stoves to stay warm at home. Using wood or other chemical fuels is unacceptable in Mongolia because of the harmful pollutants.

Insulating the walls is a good way to reduce the usage of coal fuel in Mongolia. So Perenlei decided to buy some building materials, such as the foam and cement, to make the walls insulated in his family house.

Loan details

Lenders and lending teams

Loan details