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Mr.Tuvsanaa is 47 years old and lives in a small house with his wife and three children, in Uvs province, Mongolia. His wife, Bulgantamir, works at a local company. His older daughter is a university student and his younger two children attend local schools.

Tuvsanaa has been working at a local wooden furniture-making company since 1996. He has built close relationships with his suppliers and fellow workers and now he is planning to start his own furniture-manufacturing business, at home, with his two fellow workers.

Tuvsanaa is now requesting loan of MNT 5,000,000 to purchase inventory and other necessary tools to start his furniture-manufacturing business.

He is a passionate, talented, and hard-working man who says, "I am the happiest person on earth when I am in my woodshop, crafting furniture for my clients."

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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,950 helped Tuvsanaa to purchase inventory and other necessary tools to start his furniture-manufacturing business.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Aug 17, 2013
Sep 20, 2013
Currency Exchange Loss:
Jan 7, 2015