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Nerguibaatar O. is a 26 year old single man who lives with his mother and one sibling in Arhangai province in central Mongolia. Nerguibaatar operates a motorcycle parts business in his town. He started his business in 2006 with 500,000 MNT of capital. After years of successful operation, he has managed to increase his working capital to a level exceeding 2,500,000 MNT today. Over the years he has gained much experience in his trade and has built a stable business. His business earnings have enabled him to renovate his house. He is a very honest and says: "I want to supply a high quality product to my customers." Nerguibaatar is requesting a 1,200,000 MNT loan to buy supplies for his motorcycle parts 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,317.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Nerguibaatar to buy supplies for his motorcycle parts business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 23, 2010
Sep 13, 2010
Currency Exchange Loss:
May 21, 2011