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Baasan, 26, lives with her parents, sister, and younger brother in a ger (Mongolian yurt) in Ulaanbaatar, Mongolia. Her parents are retired. Her sister is an English teacher at Golden Bridge school, and her brother is a bus driver. She is a hairdresser. She started her business in 2007. Her business is sustainable and has many regular customers and suppliers. She would like to buy a hybrid car for her family's use. The price of the car is 7,900,000 MNT. She has prepaid 3,000,000 MNT for the car. Now she is requesting 4,900,000 MNT to pay off the rest. She is very talented and diligent. She says, "I would like to use the hybrid car for my business and my family. Time is very important for my business. I can save more time with the hybrid car."

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD