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Mr. Suhbaatar is 62 years old and lives with his wife in a ger in the Dornogovi province of Mongolia. His wife Batdulam is retired and stays home tailoring traditional costumes for local clients. His four children are married and live elsewhere. Suhbaatar is a repeat borrower of XacBank and has good previous loan records. He has been driving taxi for years has lot of experience. He is now requesting 1,200,000 MNT to purchase spare parts and replace them in order to continue his business without delay. He is a hardworking, diligent, and kind man.

Additional Information

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
  • 1,456.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Suhbaatar to purchase spare parts and replace them in order to continue his transportation business without delay.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 6, 2013
Jul 8, 2013
Currency Exchange Loss:
Jul 17, 2014