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Janarbek is 30 years old and lives with his wife and two children in Bayan-Ulgiy province, Mongolia. His son is a primary school student and his daughter attends kindergarten.

Currently Janarbek operates a firewood transportation business with a truck he owns. Previously he operated an auto repair service for several years, and he purchased a truck which now he uses for his business.

He is an experienced driver and a very hardworking person. Janarbek says, “I would like to create my own auto repairing center in the future.”

He is requesting a 400,000 MNT loan to transport firewood from the countryside.

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
  • 1,381.8
    Mongolia Tugriks (MNT) = $1 USD