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Dorjrenchin, 28, is married and lives with his wife and two daughters in Ulaanbaatar, the capital of Mongolia.They live in a ger, a Mongolian nomadic housing tent, in another person's backyard. They currently have a below average standard of living.

Dorjrenchin began delivering petrol in 2009. He was renting his sister's truck to deliver petrol, but purchased it from her last year. He buys large amounts of petrol at a wholesale price and sells it for a higher price. His business is new to the local market and his customers are happy to get this service as it makes their job easier. His business is becoming more stable.

Dorjrenchin is a hardworking, polite and caring person who says, " I work hard in order to take care of my children and wife and support their needs". He is requesting a loan of 3,700,000 MNT to purchase more petrol to keep in reserve and sell in the future.

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
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Dorjrenchin to purchase petrol to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 23, 2011
Mar 3, 2011
Currency Exchange Loss:
Jul 17, 2012