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Bayarsaikhan
Bayarsaikhan is 29 years old. He is a hardworking, fast and responsible man. He lives with his mother, wife and son in a ger (Mongolian traditional yurt) in the Arhangai province of Mongolia.

His wife Ishjamts stays at home. His son Enkh-Orshih attends a local kindergarten. His mother provides tailoring services at home.

Bayarsaikhan runs a motorcycle transport business. His net earnings are around 300.000 to 350.000 MNT monthly. In the future, he wants to buy a new car for his taxi business and also he wants to fix his house using his earnings.

He is requesting a loan of 3,000,000 MNT to purchase a new car for his transportation business.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,732.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,750 helped Bayarsaikhan to purchase a new car to continue his taxi business without interruption.
49% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Feb 19, 2014
Currency Exchange Loss:
Possible