Check out some available loans that are similar to this one!
Lhaijav is 46 years old and lives with his wife and four children in a ger in Uvs province of Mongolia. His wife Dolgorjav, age 40, helps her husband to run their business of producing organic dairy products and selling them in town. His son Hishigtogtoh, age 19, and daughter Davaajargal, age 17, study at university, while son Tserentogtoh, age 8, goes to a local school and youngest daughter Buyandelger, age 3, goes to a local kindergarten. Lhaijav has been running his business of producing and selling organic dairy products for two years. He sells his organic dairy products to local retailers and delivers the products to them with his mini truck. He needed a replacement for his truck and is now requesting 4,500,000 MNT to purchase an eco-friendly electric and gas consuming vehicle to run his business smoothly without any sudden stopping. He is a hardworking, diligent 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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,250 helped Lhaijav to purchase an eco-friendly electric and gas consuming vehicle to run his business smoothly without any sudden stopping.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 22, 2012
Jan 20, 2013
Currency Exchange Loss:
Aug 17, 2013