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Lhagvadorj is 31 years old and lives with his wife and two children in a ger, a Mongolian yurt, in Hovd province, Mongolia. His wife stays home to take care of their children. Lhagvadorj manages a meat trading business in his town. He started his business in 2008. Previously he used to operate a meat trading business with his mother and gained much experience. Now he has his own business and is planning to expand it in the future. He is a polite man who attributes his business success to his good communication skills. He is requesting a 1,000,000 MNT loan to purchase an abundant amount of meat for his 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
  • 1,215.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Lhagvadorj to purchase an abundant amount of meat for resale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 6, 2011
May 25, 2011
Currency Exchange Loss:
Jun 17, 2013