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IPFS News Link • Economy - International

Mongolia Micro Finance

• arclein
XacBank recognized this problem and its connection with poverty. Most families spend up to 40% of their incomes, roughly a $140 per month, in the winter time on heating fuel alone. This money most often comes from cuts in nutrition and health budgets*. To address this relationship between pollution and poverty, XacBank started offering new loans to make eco products financially accessible to the residents of the Ger Districts. XacBank currently offers 3 types of green loans for personal consumption: energy efficient stoves, ger covers and energy efficient fuel.