A loan of $3,600 helped to purchase a natural gas vehicle.

Gantsogt's story

Mr. Gantsogt, 25 years old, lives with his girl friend in Ulaanbaatar, the capital city of Mongolia. The couple lives separately from their parents in a traditional Mongolian ger (portable felt dwelling). His father has been driving a bus around the city since 2011.

Gantsogt has been working as a steward at a business entity since 2009. He is requesting a loan of 5,000,000 MNT to purchase an automobile which runs on natural gas. The advantages of a natural gas vehicle are its emissions are cleaner, with lower emissions of carbon and lower particulate emissions per equivalent distance traveled. Also it wastes fuel less compared to that of a gasoline or diesel-powered vehicle. Purchasing a natural gas vehicle is environmentally friendly, and economically efficient for the borrower.

The borrower is very hardworking young adult who wants to improve his family’s living standard.

Loan details

Lenders and lending teams

Loan details