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Mrs. Punsalmaa is 40 years old and lives with her husband and her two children in a yurt in the Uvs province of Mongolia. Her husband, whose name is Purevsuren, is 39 and unemployed. Her son, named Nyambayar, is a student. Her daughter, named Bujiimaa, goes to secondary school. Mrs. Punsalmaa has worked as a chef for a private company for 20 years. She would like to buy a car for her husband so he can start a taxi service business. Mrs. Punsalmaa and her husband are very hardworking and diligent people. They are requesting 3,000,000 MNT loan to purchase a car for her husband's new business.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,200 helped Punsalmaa to purchase a car for her husband's new business.
85% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Aug 30, 2012
Currency Exchange Loss: