A loan of $4,700 helped to buy some building materials for his home repair.


Erdenekhuyag's story

Mr. Erdenekhuyag, 38, is a carpenter privately. Usually he makes furniture and appliances at his house. Since 2000, he has been running his business, and he has had many regular customers in the past years.

He owns an old double-floor house which is located in the ger district, an area of the city with no running water, minimal roads and spotty electricity, of Kherlen, an eastern boundary city in Mongolia. He uses the first floor for his business as a workshop. But 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 add insulation to them with rock wool, cement and foam. As he thinks, his home will be warmer after the wall and roof insulation and a new smart furnace.

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 snowstorms. 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, improve heating systems and buy cars that run on the natural gas. The loan he is taking will used to buy some building materials for his home repair.



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