By Jw. on Unsplash
Invest in B2B/B2C models engaged in building affordable homes for the population in peri-urban informal settlements with a focus on sustainability. The focus is especially on 'ger districts' that are located on hills and mountains surrounding Ulaanbaatar. They have schools, stores and hospitals. However, they do not have paved roads and there is seemingly no organization or layout to how the buildings and gers are arranged. The people that live here have often migrated to Ulaanbaatar from the countryside, or they are the children of migrants. They are typically from low-income segments and lack facilities that are otherwise available to more affluent population segments. Examples of companies active in this space are:
Hybrid House LLC, founded in 2017, constructs energy and water-efficient buildings and distribution of solar energy equipment and other energy-efficient construction materials. The Company has the capacity to build 20-40 houses per year by importing building materials. It intends to expand its operations by establishing a factory that manufactures energy-efficient building materials.
Under the pilot housing financing, scheme in cooperation with the Mongolian Bankers Association (MBA) and the Mongolian Sustainable Finance Association (MSFA/ ToC), households in off-grid areas were enabled to switch from burning coal to living in energy-efficient standalone houses with up to 80 percent less (heat) energy consumption.
Commercial banks in cooperation with international organizations have implemented a pilot subsidized loan program for energy efficient houses. By the end of 2021, a total of 26 EE houses were built through the subsidized pilot.
Benefitting the wellbeing of peri-urban informal settlement (ger district) population and address their health and safety concern
