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Odsuren is a 40-year-old man who lives with his wife and 2 children in Uvurhangai province in Central Mongolia. His wife operates a sewing business and his children study at the secondary school.

Odsuren has some experience running a tire service business. Based on his experience, he is planning to restart this type of business and needs some assistance. Odsuren is a hardworking and gentle man who says, "I would like to develop the business by purchasing some tire service repair equipment. I am trying hard to feed my family." The total amount he is requesting to buy the necessary equipment for his tire repair center is 1,500,000 MNT.

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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Odsuren to buy needed equipment for his tire repair center.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 27, 2012
May 14, 2012
Currency Exchange Loss:
Apr 16, 2014