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Uuganbayar
Mr. Uuganbayar is 31 years old and lives with his wife and two sons in a small house in Uvurhangai province, Mongolia. His wife, Erdenetsetseg, operates small business. His two sons Dulguun and Tuguldur, ages 3 and 4, go to kindergarten. Mr Uuganbayar started his business in 2003: a public transportation service by micro bus. He is a very experienced his field. In future, he is planning to buy a more efficient vehicle to provide his taxi service. He needs 2,000,000MNT to purchase a second-hand, eco-friendly, and economical car. He is a responsible and hardworking man.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,374.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Uuganbayar to purchase a second hand, eco-friendly, and economical vehicle.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 21, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014