Funded

Total loan: $2,475
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Munkhbat


A loan of $2,475 helped to purchase a natural gas vehicle.


Munkhbat's story

Mr. Munkhbat, 32 years old, lives with his wife, two children and a brother in Ulaanbaatar, capital city of Mongolia. His family is currently living in his brother's apartment. His wife has the position of saleswoman for a private business entity, and his brother has been doing house interior decoration work on contract with building companies. His two children both go to high school.

Last year, Mr. Munkhbat began working as a construction engineer at a building company. He is requesting a loan of 3,500,000 tugriks to pay the remaining fee for his automobile which runs on natural gas. The distance between his workplace and home is quite long, and if he goes by bus and taxi it will take too long or cost him greatly. So he decided on a natural gas vehicle which has cleaner emission and less fuel wastage. This environmentally-friendly automobile will contribute to the efforts against air pollution if used by many people and purchasing of these types of cars should be encouraged everywhere. The borrower is a very hardworking individual who strives for a better future.



Loan details

Loan length:

14 months
Disbursed date: May 7, 2013

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: May 7, 2013