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Dorjsuren
Dorjsuren U. is 46 years old and lives with his wife and three children in Ovorhangai province, one of Mongolia's central provinces. Two of his children are university students in Ulaanbaatar, the capital city of Mongolia, and the youngest daughter is 8 years old and goes to a local secondary school. Dorjsuren has an old Russian truck called a ZIL-130. He uses his truck for carrying freight in between different cities. He usually carries firewood and coal between his city and Ulaanbaatar. His wife is a big supporter of his business and helps in his business when she has time. Dorjsuren says that the main source of family income is the trucking business. He pays school tuitions for his two children with the business profits. He works hard to make sure that his children receive higher education without any financial strains.

He requests a loan to repair his old truck and purchase necessary accessories for his truck.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,444.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Dorjsuren to repair his truck and purchase necessary accessories for his truck.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2009
Listed
Aug 23, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010