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Dashzeveg is 38 years old and lives with his wife and four kids in a Mongolian ger in Uvurhangai province, Mongolia. His wife is an enterpruener and his kids are school students.

He started his dairy products selling business in 1990 with just one cow. Now he owns seven cows and makes various kinds of products. Because his business has been doing so well, he can hardly meet the demands of his customers. As a result, he is requesting a loan in the amount of 2,500,000 MNT to buy two more cows.

He explains that he is a strong and diligent man who will do everything he can in order to educate his children because he does not want them to grow up as he did.

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 $1,950 helped Dashzeveg to purchase two additional cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 1, 2011
Nov 13, 2011
Currency Exchange Loss:
Sep 15, 2012