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Anhbayar
Mr. Anhbayar is 30 years old and lives with his wife and two children in Ger, in Uvs province of Mongolia. His wife, Dulmaa, stays home, taking care of her children. His son, Bayanmonh, is eight years old and studies at a local primary school. His daughter, Amarzaya, is five years old and goes to a local kindergarten.

Anhbayar has been providing a taxi service business in town since 2008. He has purchased an old Russian truck to start providing transportation services inter-city, to increase his family's income. He has been driving various types of cars for years and he is a very experienced driver.

He is now requesting MNT 6,000,000 to purchase spare parts and to cover repair fees of his truck, to start his transportation service business, inter-city.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,175 helped Anhbayar to purchase spare parts and to cover repair fees of his truck, to start his transportation service business, inter-city.
95% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013