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Orsoo
Mr.Orsoo is 26 years old. He lives with his wife in Ger, in Uvs province of Mongolia. His wife, Oyunhand, drives a taxi car in town and contributes to their family income.

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.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,850 helped Orsoo to purchase an environmentally-friendly, energy-efficient mini-van to provide his transportation service business.
59% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible