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Ulziisaihan is a 33-year-old man who lives with his wife and 2 children in a suburban area of Ulaanbaatar city, Mongolia. His older daughter studies at the secondary school. He started running a public transportation business in 2009 based on his driving experience as a bus driver for the state company. He owns a mini bus. His wife helps with the business activities. Now, the business activities are stable and the business has been profitable to feed the family. But due to a state law prohibiting mini bus services, he is planning to replace the mini bus with a bigger one. Ulziisaihan is an honest man who says "I have a bigger plan to improve my family livelihood level and to expand my business activities by replacing the mini bus". He is requesting a total amount of 1,500,000 MNT to buy construction materials to repair his house.

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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Ulziisaihan to buy construction materials to repair his house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 23, 2012
May 11, 2012
Currency Exchange Loss:
Dec 15, 2012