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Uranchimeg
Uranchimeg is a 33-year-old woman who lives with her husband and two children in Dornogovi province in Southern Mongolia. Her husband is employed and the oldest child studies at the secondary school.

She has been running a taxi and public transportation service since 2006 with her husband. They have a Sonata van and a “Grace” minibus for the business. Uranchimeg became experienced in the field and usually drives between the town and the area with tourist attractions. She has a further plan to improve the household.

Uranchimeg is a talented driver woman who says, "I would like to develop the business activity by purchasing some necessary spare parts to continue the business normally. I want to increase the income and build a house for the family." The total amount she is requesting is 3,000,000 MNT to buy the spare parts for the van.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Uranchimeg to buy the spare parts for her van.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012