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Ulziijargal B. is 32 and lives with her husband and son in the Chingeltay district of Ulaanbaatar, the capital city of Mongolia. Ulziijargal drives a passenger microbus between "7 Buudal" and “Sharga Morit,” one of most popular routes in the city. She has been driving a passenger bus along that route for the last six years. The route is very popular and she knows it very well.

Her husband Tumen demberel is also a driver. He drives a cab in the city. With their profit, Ulziijargal and her husband were able to upgrade their old cars. With this loan, she will buy spare parts to repair their car. Their next goal is to upgrade their house. In the picture, Ulziijargal is with her husband Tumendemberel.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD