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Buhbat is 32 years old and lives with his wife and three sons in a ger (a Mongolian yurt) in Zavhan province, Mongolia. His wife helps with his business. His oldest child is a school student and the younger two are in kindergarden. He started his firewood-preparing business in 2009 at home with his own saw. His saw is industrial and powerfull but unfortunately it needs some parts to be replaced. He is requesting 400,000 MNT to buy parts of the saw. He is a sharp and diligent man who says "It is now peak season for my business but my saw is not working. My family is having a crisis"

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,338.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Buhbat to buy parts for his industrial saw.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 7, 2011
Dec 2, 2011
Currency Exchange Loss:
Dec 15, 2012