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Iderbat, 31, is married and lives with his wife and two children in Ulaanbaatar, the capital of Mongolia. They live in their own house on a small plot of land that they own. His wife works as a teacher and his elder son attends a local school. They have an average standard of living.

Iderbat worked as a manual laborer in Korea for a few years. When he came back to Mongolia, he started driving a taxi. He supports his family with the money he earns. He plans to start selling cell phones in the near future in addition to his taxi service. He is a hardworking and modest person who says, "I want to begin selling cellphones in order to increase my income". He is requesting a loan of 2,200,000 MNT to buy cellphones from Erlian for his new business.

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
  • 1,193.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Iderbat to buy cellphones to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 7, 2011
Mar 31, 2011
Currency Exchange Loss:
Nov 15, 2012