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Delgerdalai
Mr. Delgerdalai is 33 years old and lives with his wife and three children in their Ger, a traditional yurt, in Uvs province, Mongolia. His wife produces traditional leather boots at home on customers' orders. His elder daughter studies at a local primary school and the younger two stay at home with their mother.

Delgerdalai started his own business in 2009 as firewood and charcoal retailer. He soon purchased an old Russian car and started transportation services. He is careful and well-experienced driver who is now need 1,650,000 MNT to purchase winter tires and do some maintenance to his car in order to ensure its safety.

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.

Tags

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,716.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $975 helped Delgerdalai to purchase winter tires and do some maintenance to his car in order to ensure its safety.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2013
Listed
Nov 22, 2013
Currency Exchange Loss:
Possible