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Erdenebat
Erdenebat is 43 years old and lives with his wife and three children in Zavhan province, Mongolia. He and his family live together in a ger, the Mongolian nomadic tent, in a rental yard. They have been living together in their current home for four years. His wife, Saihantuya, is 39 years old and operates a movie rental business.

Currently, Erdenebat operates a taxi service in his town. He has been operating his business since 2004, and has gained much experience during these years. He is a very hard working person and he says, “I would like to expand my business and to improve the quality of my family's life.” He is requesting a loan of 2,000,000 MNT (~1407 USD) to purchase spare parts for his car for his taxi service and more DVDs for his wife's movie rental business.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Erdenebat to purchase spare parts for his taxi and DVDs for a movie rental business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2010
Listed
Mar 31, 2010
Currency Exchange Loss:
Possible
Ended:
May 21, 2011