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Davaadalai is 22 years old and lives with his wife in a ger (tent) in Arhangai province, Mongolia. His wife, Lhagvasuren, is 21 years old. She sells clothes. Her salary is 300 000 MNT at monthly.

Davaadalai finished a computer and computer tool repair course in 2011 and he started to work in a repair center in town in 2011. He is planing to begin his own printing house. A printing house is needs by the people in town. He hopes to have many customers. He is an open minded and hardworking person.

He needs 1800000 MNT to purchase a printer to start his business.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,395.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Davaadalai to purchase a printer to start his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 14, 2012
Sep 30, 2012
Currency Exchange Loss:
Jul 17, 2013