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Sainbayar
Sainbayar is 41 years old and lives with her husband and two children in a ger in the Niseh district of Ulaanbaatar, Mongolia. Her husband, Tomorbaatar, age 44, has been a taxi driver for the past six years. Her son Batzorig, age 13, is a secondary school student, and her daughter Batzaya, age two, goes to kindergarten. Sainbayar has been working for a private cashmere company as a chef in the cafeteria for years.

Her husband's car has not run for a month now, and he needs a replacement to run his taxi business smoothly without problems. She is now asking for 6,500,000 MNT to purchase an eco-friendly, electric and gas consuming car for her husband's taxi business. She and her husband are hardworking, responsible and honest people.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,675 helped Sainbayar to purchase an eco-friendly, electric and gas consuming car for her husband's taxi business.
79% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible