A loan of $2,175 helped to purchase a natural gas-powered vehicle.

Baljinnyam's story

Mr. Baljinnyam, 26 years old, lives with his family in Ulaanbaatar, the capital city of Mongolia. The family resides in a Mongolian traditional ger (a portable, felt dwelling) on fenced land. His wife has recently taken her maternity leave and now stays at home. Before maternity leave, his wife worked as a geologist at the same company where Baljinnyam works. He also is a professional geologist and has been working for two consecutive years.

The family needs an automobile for their daily transportation. So, he is requesting a loan of 3,000,000 MNT, which he will use to purchase an automobile that runs on natural gas. The advantages of a natural gas vehicle are: its emissions are cleaner, with lower amounts of carbon and lower particulates per equivalent distance traveled. Also it wastes fuel less, compared to a of gasoline- or diesel-powered vehicle. Purchasing a natural gas vehicle is environmentally friendly and economically efficient for the borrower. The borrower is a very hard-working individual, who strives for a better future.

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