Check out some available loans that are similar to this one!
Ganbold is 54 years old and lives with his wife and daughter in a little house in Han-Uul district of Ulaanbaatar. His wife, whose name is Tungalag, is 49 years old and works for a private pawnshop. His daughter is a translator.

Ganbold has conducted a taxi service since 1997, in which he transports passengers from the international airport to the center of the city. Usually he transports foreign passengers, and he knows a few foreign languages to make them comfortable. He has such experience at driving quickly and safety. His father was driver, too, and he likes his business.

Ganbold's car is getting old. He would like to change his car for a new one, and as time passes, the price of fuel is getting high in Mongolia. Therefore he needs 6,000,000 MNT to purchase a new car "Prius" for his taxi service.

Ganbold's goal is to grow and expand his business. He is an honest, hardworking, and friendly man.

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
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,400 helped Ganbold to purchase a new car "Prius" for his taxi service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Sep 7, 2012
Currency Exchange Loss:
Aug 17, 2014