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Tsogbadrah is 47 years old and lives with his wife and two daughters in a house in Ulaanbaatar, the capital city of Mongolia. His two daughter, ages 20 and 22, both attend college. With the help of his wife, a conductor, Tsogbadrah manages a public transportation business between Narantuul market and Tsaiz market.

Tsogbadrah started his business in 1999 and is planning to continue his business into the future. He has repaired his bus for it to be safe for his customers. He is now requesting a 3,000,000 MNT loan to purchase a new bus.

With his earnings he built a house for his family. He is a responsible man who says, "I want to save enough money for my two daughters’ education."

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
  • 1,238.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Tsogbadrah to purchase a new bus.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jun 29, 2011
Jul 12, 2011
Currency Exchange Loss:
Jan 18, 2012