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Baljinnyam is 45 years old, married, and has three children, one of whom attends the university. They live in a ger in Harhorin soum of Uvurhangai province, Mongolia. He and his wife provide construction and renovation services to local residents, which they have been doing for over 10 years. His other two children have graduated university and work in local companies in Ulaanbaatar.

Since Baljinnyam has only one child to support to graduate university, he is planning to build a small house for family use before the harsh Mongolian winter comes. He is requesting a loan for 800,000 MNT, which he will use to purchase construction materials to build a house for his family to live in. He is a hardworking, enthusiastic, and responsible 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,686.3
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $475 helped Baljinnyam to purchase construction materials.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 16, 2013
Oct 21, 2013
Currency Exchange Loss: