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Hairolla is 45 years old and lives with his wife and three kids in Bayan-ulgii province, Mongolia. His wife babysits her seven-month-old baby and his elder two kids are school students. He started his business in 2004 by trading raw materials (wool, cashmere, etc). He has many regular customers and guaranteed suppliers. He is well known for his fair trading and excellent service. He always looks for new business opportunities. Therefore, this year, he planned to buy livestock from herders and resell it when the price rises during winter time. He is a sharp and hardworking man who is requesting 2,000,000 MNT to buy livestock.

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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Hairolla to buy livestock to re-sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Nov 8, 2011
Currency Exchange Loss:
Mar 19, 2012