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Amartuvshin is married and lives with his wife and three-year-old son in Suhbaatar province, Mongolia. They live in a ger, a Mongolian nomadic housing tent, in someone's backyard. His wife is unemployed and stays at home to take care of their son. Amartuvshin operates a motorbike taxi service, which he started in 2007. He has now gained enough experience in the transportation business and wants to buy a car. He is a hardworking and modest person who says," I would like to have a stable source of income." Amartuvshin is requesting a loan of 600,000 MNT to buy spare parts and cover the maintenance service fees for his motorbike.

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
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Amartuvshin to buy spare parts and pay maintenance fees for his motorbike.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 16, 2011
Feb 19, 2011
Currency Exchange Loss:
Mar 18, 2012