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Luvsandavaa is 59 years old and lives with his wife in a 'ger' (Mongolian yurt) in Tuv province, Mongolia. His wife helps with his business and his kids are all independent. He started his billiard and table tennis service business in 2003. Now that his billiard and table tennis equipment and workspace are old, nobody wants to play there. Therefore he needs to replace the tables and fix up the environment.

Luvsandavaa is a sharp and hardworking man who says, "Now that my kids are independent, it is time to expand my business." He is requesting 2,000,000 MNT to buy billiard and table tennis equipment.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    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 Luvsandavaa to buy billiard and table tennis equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 6, 2011
Nov 10, 2011
Currency Exchange Loss:
Oct 17, 2013