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Mr. Duger is 26 years old and lives with his parents in a ger (traditional Mongolian housing) in Uvs province of Mongolia. His parents are retired and stay home.

Duger has been renting a vehicle and running a transportation service in town since 2010. He has gained a lot of experience and networks over the years.

Duger is now starting his own taxi service business in town and requesting 4,700,000 MNT to purchase an eco-friendly car to provide a taxi service in town. He is a hardworking, honest and diligent man.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,400 helped Duger to purchase an eco-friendly car to provide a taxi service in town.
92% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Feb 19, 2013
Mar 23, 2013
Currency Exchange Loss:
Sep 26, 2013