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Bolor-erdene is thirty-eight years old and lives with his wife and two kids in a Ger (Mongolian yurt) in Hovd province, Mongolia. His wife helps with his business and his two kids are school students. He started his business journey in 2003 by trading raw materials (wool, cashmere, leather). Now he expanded his business by retailing fruits, vegetables, and garments (during summer).

Now that the Mongolian holiday season is approaching, demand for his fruits and vegetables is high. Therefore he is requesting 1,200,000 MNT to buy more fruit at wholesale prices. He is a sharp and hardworking man who says "I try not to lose any opportunities to expand my business".

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
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Bolor-Erdene to buy more fruit at wholesale prices.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 9, 2012
Feb 20, 2012
Currency Exchange Loss:
Dec 15, 2012