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Mr. Batsaihan is 43 years old and lives with his parents in a Ger (a traditional Mongolian hut) in the Bayanzurh district of Ulaanbaatar, Mongolia. His parents are retired and stay home. The borrower has been running a transportation service business since 2004 with a large vehicle. He is a well-experienced driver who is well-known in the area. He is now requesting a loan of 2,500,000MNT to purchase an eco-friendly electric and gas consuming car to provide taxi service in the city. His income is the family's only income.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Batsaihan to purchase an Eco-friendly electric and gas consuming car to provide a taxi service in the city.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Mar 2, 2013
Currency Exchange Loss:
Feb 17, 2014