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Tavitai is 41 years old and lives with his wife and 3 kids in Hovd province of Western Mongolia. His wife works as a shop assistant and his kids study at the high school. He used to run a taxi service between the cities and then started the wooden products business. The business went well because he gained enough experience and gained some profits which was spent on building his working space. He is well known for his talent to craft wooden products. He makes them based on the customers' order and interests. His further plan is to expand the business by purchasing needed tools for the business and to save for his sons college fees. He is a talented man who says that "I would like to expand my business and make it easier by using more tools and hiring someone". The total amount he is requesting is 1,500,000 MNT for the carpenter tools.

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
  • 1,330.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Tavitai to purchase carpenter tools.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 6, 2012
Feb 14, 2012
Currency Exchange Loss:
Aug 16, 2012