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Dugersuren
Mr. Dugersuren is 58 years old and lives with his wife in a 'ger' in Uvs province of Mongolia. His wife Dulamjav is retired and stays home. This borrower has retired after working at a local communication company for 32 years as an engineer, and he is now starting his own taxi service. He is requesting 4,200,000 MNT to purchase an eco-friendly electric and gas consuming car to provide taxi service in town. He is hardworking and a 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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,050 helped Dugersuren to purchase an eco-friendly electric and gas consuming car to provide taxi service in town.
97% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 25, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013