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Bolathan B., 38 years old, lives with his wife and two children in a ger, a Mongolian traditional nomadic housing tent, in the Bayan-Ulgiy province of western Mongolia. His two children both attend a local school, while his wife works as a seamstress in her own workplace.

Bolathan has operated a transportation service in his town since 1991, delivering various products including stone, pebble and sand during the summer season; in the winter he usually transports coal, selling it in a local market. Bolathan owns two vehicles, a small car and a big truck, using his car as a taxi during the evening.

Bolathan, a very modest and polite person, says, "The transportation business is a difficult one to operate, especially during winter months." He is now requesting a 3,500,000 MNT loan both to purchase four new wheels for the trailer he uses to haul materials and to use as working capital.

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
  • 1,317.5
    Mongolia Tugriks (MNT) = $1 USD