Since 2007, Orsoo has been working as driver for an inter-city transportation provider company. He was recently married to his wife and family expenses have increased. They are also planning to have a baby and need to save up for the new baby.
Orsoo is now planning to purchase an energy-efficient mini-van to provide transportation services inter-city. He is now requesting MNT 5,600,000 to purchase an environmentally-friendly, energy-efficient mini-van to provide his transportation service business. He is a hard-working, helpful, and honest man.
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 XacBankThis 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.
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This loan has been fully funded!