Check out other loans that are currently fundraising!
Bayarsayhan O., 35, is a married and the father of two. His family lives in "ger" (nomadic housing tent) district on a plot of land he owns in Arhangay, one of Mongolia's central provinces. He has run a plank sales business for the last several years. Bayarsayhan has a pick-up truck that transports planks from Arhangay province to Ulaanbaatar. He buys planks in Arhangay province at wholesale prices and sells them at retail prices.

Bayarsayhan's spouse Chingelmaa always encourages her husband however she can't physically help him as she stays home and takes care of their four years old son.

He requests a loan to buy planks to increase his business inventory. Bayarsayhan's dream is to open a car care center on his land.

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
  • 1,415.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Bayarsayhan purchase planks for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 18, 2009
Jun 22, 2009
Currency Exchange Loss:
Jul 15, 2010