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Mr Bayarbat is 30 years old and lives with his mother, wife and his son in his mother's apartment in the Niseh district of Ulaanbaatar, Mongolia. His wife Bolormaa, 28, studies at the state medical university. His son Tuvshintugs, 3, stays home with the borrower's mother. Mr Bayarbat has been working as an interior designer at a private company for seven years. He is planning to buy an eco-friendly electric and gas car for his family's use. So he is requesting 3,400,000 MNT to purchase the car He is a welcoming, friendly and responsible person who says, "I want to decrease air pollution and this is my contribution to decrease air pollution to my city".

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.7
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,450 helped Bayarbat to purchase an cco-friendly electric and gas consuming car for his family's use.
98% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Oct 21, 2012
Nov 20, 2012
Currency Exchange Loss:
Aug 17, 2013