Total loan: $2,100


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Hovd, Khovd, Mongolia / Transportation

Ganzaya's loan finished fundraising,
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A loan helped To purchase spare parts for his taxi.

Ganzaya's story

Ganzaya is 33 years old and lives with his wife and two sons in the Khovd province of western Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent, and Ganzaya operates a taxi service in his town. He began his business in 2003 and has supported his family since then with his income. He would also like to open a meat trading business in the future so that he can improve his family’s quality of life, but for now he is focused on making his taxi service more profitable and efficient. Ganzaya is requesting a 3,000,000 tugrug (~2100 USD) loan in order to purchase repair parts and spare parts for his taxi. About XacBank: XacBank was founded in 2001, and listed its first loan on Kiva in January 2009. It is the largest microfinance organization in Mongolia, but also has mainstream commercial operations. XacBank has the vision, scale and innovation to develop and implement new solutions to poverty. It is currently utilizing Kiva’s 0% lending interest rate to return 9% of interest paid from borrowers to them in the form of a savings account at the end of their loans. This not only allows borrowers to gain financially, but also encourages them to save. To get regular updates from XacBank, please join our lending team.