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Ganzorig, 38, is single and lives with his retired father in Songinohairhan district of Ulaanbaatar, the capital of Mongolia. They live in a house which they built last year. In 2003 he began as a driver in his private taxi business. In 2006 he bought a mini truck to do transportation work in the city. His business is stable and profitable. He plans to buy a larger truck in the future. Ganzorig is an honest and modest person who says "I am working hard to make more profit and to buy a bigger truck.".He is requesting a loan of 1,200,000 MNT to build a garage for his car which is important for his business operation.

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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
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD