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Tsedendash B. drives a minibus for tourists visiting his town and other customers that request bus services. Since he is one of the very few bus owners in town, he is usually busy with local requests for his bus services. With his profit, he supports his younger brother, paying his tuition for university in Ulaanbaatar (the capital city of Mongolia) and his living expenses too. He hopes to fix up his old house and get ready for his marriage planned very soon.

Tsedendash is 24 years old and lives with his wife in Tuv province, one of Mongolia's central provinces. His mother is retired and now helps with her son's business. Tsedendash requests a loan to purchase paint and necessary accessories to fix up his minibus.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,437.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Tsedendash to purchase paint and necessary accessories to fix up his bus.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 17, 2009
Jan 1, 2010
Currency Exchange Loss:
Jan 15, 2011