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Odbayar M. is 28 years old, married, and has one child who attends school. They live in the Songino-Hairhan district of Ulaanbaatar, a capital city of Mongolia. Odbatar operates a computer service out of a rented stall at the local trade center. He started his business in 2008 after graduating from Technical Institute as a programmer in 2007. After years of operation, he has gained a significant experience in his business. Odbayar is a modest and honest man and plans to continue to run his business in order to have his own work place in the future. He is requesting a 900,000 MNT loan to purchase computer software and devices for his computer 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
  • 1,243.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Odbayar to purchase computer software and devices.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 14, 2011
Jan 21, 2011
Currency Exchange Loss:
May 21, 2011