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Dalaijargal
Mr.Dalaijargal is 24 and lives with his parents and a sibling in their ger, a traditional nomadic yurt, in Zavhan province, Mongolia.

His father runs a transportation service business inter-town between Zavhan and other provinces. Dalaijargal started working with his father as a part-time driver.

Dalaijargal has also started building a house for family use with his father and a sibling. They have built the body of the house, and now need 3,000,000 MNT to purchase additional construction supplies and insulation materials to finish building the house before the cold and harsh Mongolian winter comes.

He is a hardworking, helpful, and diligent 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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,715.3
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,750 helped Dalaijargal to purchase additional construction supplies and insulation materials to finish building the house before the cold and harsh Mongolian winter comes.
56% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 27, 2013
Currency Exchange Loss:
Possible