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Mr.Tomordavaa is 38 and lives with his wife and son in a Ger, a traditional nomadic tent, in Uvs province, Mongolia. His wife is a local school teacher and his son goes to a local kindergarten.

Tomordavaa has been providing taxi service and transportation service business in town for last 5 years. He is a good and careful driver with a good reputation among residents. He is now planning to replace the winter tires for his truck. He is now requesting loan of 1,000,000MNT to purchase 4 winter tires for his truck to secure safety.

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,697.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Tomordavaa to purchase 4 winter tires for his truck to secure safety.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Oct 14, 2013
Nov 15, 2013
Currency Exchange Loss:
Feb 17, 2014