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Energy Efficient Consumption Loan Programme

TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided


GCF results areas
  • Energy generation and access
  • Buildings, cities, industries and appliances

Location & People

  • Asia-Pacific
  • Mongolia MNG

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
  • XacBank LLC Loan USD
  • Groupe Energies Renouvelables, Environnement et Solidarités Grant USD

Project owners

Accredited Entity Executing Entity
  • XacBank LLC Mongolia
Energy Efficient Consumption Loan Programme Approved October 2018 Est. implementation period 10.0 years
Financing heating and housing solutions with reduced emissions and improved environmental and health co-benefits.

Mongolia is particularly vulnerable to climate change, resulting in the degradation of pastoral land and biodiversity and the death of livestock. Many people have migrated to the capital city of Ulaanbaatar - which has the highest global level of air pollution, due partly to households burning coal and wood for cooking and heating.

This programme will provide loans to energy efficiency heating appliances and housing products, with heating appliances certified to achieve at least a 20 percent reduction in energy usage. The use of grant funding will include the disposal of old heating appliances and energy efficient housing, while also contributing to a shift in consumer behaviour.

The programme has an estimated lifespan of 10 years.
Document title
Published date
Approved funding proposal SAP004 - XacBank - Mongolia 28 Nov 2018
Gender action plan SAP004 - XacBank - Mongolia 16 Jan 2019
Gender assessment SAP004 - XacBank - Mongolio 16 Jan 2019
Accredited Entity
  • XacBank LLC (XacBank) Tuul Galzagd Tel: +976 7577 1888 (ext.707) Anand Batsukh Tel: +976 7577 1888 (ext.703)
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