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Ariunbold is 31 years old. He lives with his wife and 4 children in small house in the Songinohairhan district of Ulaanbaatar, Mongolia. His wife Bayarhuu, age 30, just gave birth to their youngest son and is taking care of their children. His other children are: Temuulen, 8 years old, goes to primary school, and Telmuun and Temuugen, male and female twins, 3 years old, go to kindergarten. He has been providing taxi services since 2008 with his Hyundai. He is planning to change his car to an eco-friendly electric and gas hybrid car to reduce fuel consumption and increase efficiency of his business. He is now requesting to 2,500,000 MNT to purchase an eco-friendly gas and electric hybrid car. He is an optimistic, hardworking and responsible 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,392.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Ariunbold to purchase an eco-friendly gas and electric hybrid car to provide taxi services.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 26, 2012
Nov 20, 2012
Currency Exchange Loss:
Jul 17, 2013