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Mr.Tsedendamba is 33 years old and lives with his wife and three children in Uvs province, Mongolia. He has been working as a construction assistant for several years. His wife has worked at a private tailoring company for three consecutive years. He is planning to start a business, offering taxi service, after a seasonal construction job of his finishes in early November. He is planning to purchase an eco-friendly and economical hybrid car for his business. He is requesting 2,500,000 MNT to purchase an eco-friendly, economical hybrid car, to use for his business providing taxi service. He's a very pleasant, hard-working, and enthusiastic person.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Tsedendamba to purchase an eco-friendly, economical hybrid car to use for his taxi service business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 17, 2012
Nov 5, 2012
Currency Exchange Loss:
Sep 17, 2014