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Ganhuyag is a 58-year-old widower, who lives with his young son in a ger, Mongolian yurt, in Songino-Hairhan district, Ulaanbaatar, the capital city of Mongolia. Ganhuyag manages a public transportation business. He started his business in 2008 and gained much experience. He is planning to continue his business in the future. He is an honest man who says, "I would like to make some repair work in my car." He is requesting a 2,000,000 MNT loan to buy construction materials to fix his fence.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,210.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ganhuyag to buy construction materials to fix his fence.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 17, 2011
May 22, 2011
Currency Exchange Loss:
May 17, 2013