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Total loan: $1,500
Ulaanbaatar, Ulaanbaatar, Mongolia / Transportation
Flag of Mongolia
Altanbagana's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To cover the cost of purchasing a car that uses natural gas.
Mr. Altanbagana, 50, has been running a taxi for a decade. It has been the main income source of his family for many years. He lives with his family in the ger district, an area of the city with no running water, minimal roads and spotty electricity in Ulaanbaatar, the capital of Mongolia. He runs his business with his old Korean car, which is marked “Sonata V”. Lately, it has been bad and it started to use a lot of fuel to run. In addition, he pays too much for fuel. He thinks that it is harmful for him and the environment. For the above reasons, he decided to replace his old car with a better one that runs on natural gas. Lately, Mongolians have been starting to use cars with natural gas engines for their health and for the environmental welfare. The loan he is taking will be used to cover the cost of purchasing a car that uses natural gas.