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Delgertsogt E., 28, lives with his wife and two children in a ger, a traditional Mongolian nomadic tent, in Tuv Province, Mongolia. His oldest daughter, age 7, attends local primary school, while his youngest son, age 4, is in kindergarten. Delgertsogt and his wife own a second-hand raw material trading business in their town, buying raw materials locally and selling the materials in the reprocessing factories for a profit. In addition, he is a welder and makes a variety of steel/iron doors according to customers' orders to supplement his earnings.

With his earnings, Delgertsogt has been able to start building a house. He would like to one day own his own supermarket where he could sell a variety of consumer goods and grocery products. A modest, honest and hardworking man, Delgertsogt is requesting a 3,000,000 MNT loan in order to increase his working capital and build a new house that will used as a service center.

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
  • 1,313.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Delgertsogt to build a new house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 8, 2010
Oct 12, 2010
Currency Exchange Loss:
May 18, 2012