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Tuvshinbayar D. is 36 years old and lives with his parents and siblings in the Huvsgul province of western Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His family lost all their cattle stock in a snow disaster in 2000 and Tuvshinbayar purchased a car with all his family capital in order to operate a transportation business.

His business is very important to him and his family as the main source of family income. The continued growth of his business enabled him to purchase a plot of land, where the family lives now, and helped him to improve their quality of life.

Tuvshinbayar works hard and is an energetic, modest and easy-going person. He says, “I hope to operate the business stable so that I can continue to provide for my brother's education.”

He is requesting a 1,500,000 Mongolian tugriks loan to purchase car-repairing materials.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Tuvshinbayar to purchase car-repairing materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 20, 2010
Jul 23, 2010
Currency Exchange Loss:
Jul 17, 2012