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Mr. Buyanbadrah is 25 years old lives with his wife and a daughter in a ger, traditional nomadic tent, in Uvs province of Mongolia. His wife Tungalagtamir is currently staying home taking care of their new born baby girl Hulan, who is one year old. Buyanbadrah has graduated from a specialized training college and works at construction company. The construction season stops during the Mongolian cold winters, and he started providing a taxi service business in town to increase his income to cover his family expenses. He has been living in rented land and now requesting loan of 6,500,000 MNT, he wants to purchase plot of land to live in with his family and purchase insulation material and a stove to improve his ger to reduce coal and firewood consumption during winter. He is a hardworking, responsible, 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,560.4
    Mongolia Tugriks (MNT) = $1 USD
A loan of $4,175 helped Buyanbadrah to purchase plot of land to live in with his family and purchase insulation material and stove to improve his Ger to reduce coal and firewood consumption during winter.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 6, 2013
Aug 25, 2013
Currency Exchange Loss:
Sep 24, 2013