Check out some available loans that are similar to this one!
Tumenulzii is 31 years old and lives with his mother in a ger (mongolian yurt) in Ulaanbaatar city, Mongolia. His mother is employed and he has a road repairing business in the city. He started his own sidewalk repairing business in 2011 after working for 11 years in the field which has helped him gain rich experience as well as many customers. His business is going on well and demand for his work is increasing. However, he does all his work by hand and so his output is very slow. To do his business activities, he needs a car to carry his necessary tools and equipments. He is requesting 4,500,000 MNT to buy a hybrid car. He is a sharp and hardworking man who hopes to start a family after his income becomes stable.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD