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Jadambaa, 38, lives with his wife and his parents in a small house his parents own in Ulaanbaatar, Mongolia. He used to live in Zamiin-Uud, Mongolia, but a few years ago he moved in Ulaanbaatar to look after his parents. Jadambaa's wife runs a taxi service and he works at a pharmacy delivering medicine to customers. A hybrid car is important to Jadambaa's job delivering medicine but he does not have enough money saved to purchase a hybrid.

Jadambaa is requesting a 5,000,000 MNT loan to purchase a hybrid vehicle. He is a hardworking and honorable guy who says, "a few years ago, when my son passed away, my life stopped and I became to live without hope. But now I am trying to start a new life again."

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,327.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,775 helped Jadambaa to buy a hybrid car to deliver medicine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 18, 2012
Jul 7, 2012
Currency Exchange Loss:
May 17, 2013