Microfinance Focus: MicroEnergy Credits provides clean energy to XacBank’s microfinance clients

Mongolia’s microfinance institution XacBank in collaboration with MicroEnergy Credits is offering clean energy to its clients. “We are privileged to be the first microfinance institution to provide carbon emissions reductions to offset the Global Microcredit Summit 2011”, said XacBank’s VP of Retail Banking Delgerjargal Bayanjargal. The emissions reductions have been generated by over 400 insulation coverings used by gers, traditional felt homes in Ulaanbaatar, Mongolia. This carbon funding will enable microfinance households to access improved home insulation, which significantly reduces the amount of coal burned for home heating. To read the full article, click hereMicroEnergy Credits provides clean energy to XacBank’s microfinance clients

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