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Adiyannamjil is twenty-four years old and lives with his wife and a daughter in Western Mongolia. His wife is unemployed and his daughter stays at home with her mother.

Adiyannamjil runs a taxi service. He drives his own car to take passengers to their destination. But due to the unpaved road in Mongolia, his car is broken. It needs to be fixed because his business is the family's only source of income. He is a good-natured guy who says that "I would like to continue my business successfully and am hoping for expansion. I am the only person responsible for my family's livelihood and its income".

The total amount he is requesting is 1,800,000 MNT to replace his car's motor.

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
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Adiyannamjil to buy new a motor for his taxi-car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 10, 2012
Feb 19, 2012
Currency Exchange Loss:
Oct 17, 2013