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Rozbek is 37 years old and lives with his wife and three children in their own house in Hovd province, Mongolia. His three children all attend local secondary school. His wife is a cook who manages a cafe in their town. Rozbek is a driver and operates a transportation service in his town.

Rozbek worked as a driver at a private company for 6 years and started his business in 2004 with his own truck. Besides his transportation service he conducts a vegetable planting and selling business in order to contribute to his family earnings. He is an open-minded and diligent man who says, "I am planning to plant more vegetables this year." He is requesting a 3,000,000 MNT loan to purchase some auto parts for his truck and some seeds for his vegetable planting 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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,214.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Rozbek to purchase some auto parts.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 15, 2011
Apr 21, 2011
Currency Exchange Loss:
Nov 15, 2012