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Bulgantamir B. is a single father who lives with his four children whose ages range from 9 to 18. He currently resides in Arhangai province, one of Mongolia's central provinces. His oldest daughter is a college student and the other three children are all in high school. He drives a cab in the town. He has been doing the taxi business since 2003. His daily income has increased from 3,000 MNT ($1 USD = 1,450 MNT) to 8,000 MNT. He says that he is working very hard to be financially able to support all his children's education. Since all his four children go to school, the expenses for their education can be very high. Bulgantamir requests a loan to purchase new tires for his car.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,415.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Bulgantamir to buy new tires for his car.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 10, 2009
Jun 17, 2009
Currency Exchange Loss:
Jun 15, 2010