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Ganhuu is a 27-year-old man who lives with his wife and daughter in a suburban area of Ulaanbaatar city, Mongolia. His wife is on maternity leave. He lives in his father's house and within his fence with his family. He has started a transportation of freight business in 2011. He owns a truck and delivers the freight to the proper places. Business activities have became stable. He has found many regular clients who choose his delivery business. Ganhuu is an honest and gentle man who says "I would like to expand my business activities. For now, I'm planning to build my own fence*** and to have my own house". The total amount he is requesting is 1,500,000 MNT in order to buy materials to build a fence.

***Even in towns and cities, many people still live in gers (nomadic tents). In many cases, they live in a regular house in the summer, but move to a ger in the winter, as they are easier to heat. Usually they build a fence around the yard, in which people may have some livestock or even a garden.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD