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Davaamunh is 27 years old and lives with his wife and two children in the Chingeltei district of Ulaanbaatar, the capital city of Mongolia. He and his family live in a ger, a traditional Mongolian nomadic home tent, in his parents' enclosure. His wife works as a salesperson in the Merkuri market in the city.

Davaamunh started his business in 2007 with the help of his friend. He makes a variety of wooden items and furniture according to his customers' orders to support his family. Since 2010, he has operated this business on his own. After years of hard work, he was able to build a workplace in his enclosure. For the future, he plans to decorate his own workplace. Davaamunh is a modest man and is requesting a 1,500,000 MNT loan to make repairs and decoration in his workplace.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,272.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Davaamunh to make repairs and decoration in his workplace.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 7, 2011
Jan 11, 2011
Currency Exchange Loss:
Aug 16, 2012