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Altan-Ochir, 26, lives with his wife and his two sons in ger (Mongolian yurt) in Tosontsengel, Mongolia. His two sons stay at home. His wife looks after them and helps with his business. He started his auto and wheel repair business in 2009 on rental workplace. He bought the land and built a workplace to expand his business in 2011. Currently, His business is sustainable and has many regular customers. He is well known by the local residents and they always appreciate his service quality. Also, he operates trash delivery business. The trash is the biggest environmental problem in Mongolia. Therefore, he has decided to buy a truck to take households waste to the dump. He is a hardworking and humble man. He is planning to build a house by increasing his business income. He is requesting 5,000,000 MNT to buy a truck.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    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 Altan-Ochir to buy a truck to take households waste to the dump.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jul 7, 2012
Currency Exchange Loss:
May 17, 2013