Check out some available loans that are similar to this one!
Mr. Baljinnyamgarav, who is 36 years old, lives with his wife and three children in a small house in the Khan-Uul district of Ulaanbaatar. His wife is a server. Baljinnyamgarav is an experienced taxi driver who has been working in that capacity for the last six years. He has been using a gasoline-powered car, but would like to buy a natural gas powered car because it is more economical and eco-friendly. He needs 6,000,000 MNT to purchase this type of car to continue operating his taxi service. He is a hard working and honest man, who wants to make a better life for his wife and family.

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
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD