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Uuganbayar D. lives with his wife and 3-year-old son in Arhanghay, one of Mongolia's central provinces. Uuganbayar is 24 and married his wife three years ago. His wife is a big supporter of his business.

Uuganbayar has a small retail business selling secondhand car accessories. He started the business with his parents in early 1995 and the business was passed down to him after his marriage. He has plenty of experience with car accessories and fixes cars by request in his free time.

In the future, he would like to open a full-service car shop where he would be able to fix and diagnose cars. Uuganbayar requests a Kiva loan to buy more secondhand car accessories for his 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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Uuganbayar to buy more secondhand car accessories for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 16, 2009
May 5, 2009
Currency Exchange Loss:
Jul 15, 2009