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Ahilbek E. is 48 years old and lives with his family in Bayan-Ulgiy province, western Mongolia, in a traditional housing tent called a "ger." Ahilbek operates a transportation service business in his town using a small car which he purchased in 2008. He transports people back and forth during the weekends throughout his town. He hopes to use his earnings as working capital and to stabilize his business. Ahilbek is requesting a 500,000 MNT loan to purchase spare parts 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,340.0
    Mongolia Tugriks (MNT) = $1 USD