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Ganhuyag is 41-year-old widower who lives with his only son in a house in Ulaanbaatar, capital city of Mongolia. Ganhuyag was married in 2008 and has a boy who is 2 years old now. Unfortunately, his wife died a few years ago because of the deep sickness.

After his wife's death Ganhuyag began operating a construction materials trading business in order to feed his boy. He started this business in 2010. Previously, he had worked as an accountant for several years. Therefore his accounting skills helped him to expand and develop his business operation. Now he has many regular customers and is planning to continue his business in the future. He is an honest man who says, "I always seek for new opportunities in my business." He is requesting a 3,500,000 MNT loan to purchase more inventory 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
  • 1,216.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Ganhuyag to purchase more inventory.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Apr 29, 2011
May 27, 2011
Currency Exchange Loss:
Jun 20, 2012