A loan of $600 helped to buy some building materials for his home repair.

Bayaraa's story

Mr. Bayaraa, 35, is an electrician and he has been doing this job since 2003 nonstop. He lives with his wife and his two children in her old house, which is located in the ger district, an area of the city with no running water, minimal roads, and spotty electricity. They live in Darkhan, the second largest city in Mongolia.

His house has some problems such as heat loss and damage to its roof, inside walls, etc. So he is planning to make repairs and insulation using rock wool, cement, and foam. As he thinks, his home will be warmer after the wall, roof insulation, and a new smart furnace are installed.

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 huge amounts of pollution every night from families just trying to stay warm. As well, the extremely toxic smoke from the cars is one of main reasons for Mongolian hard air pollution.

In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss and improve heating systems, and to buy the cars that run on natural gas. The loan Bayaraa is taking will used to buy some building materials for his home repair.

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