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Mr. Natsagdorj, who is 32 years old, lives with his wife and three children in a little house in Ulaanbaatar city, Mongolia. Their children are little and all stay home. His wife helps him with his business. He started a recycled materials sales business in 2005. He sells plastic, cans, and glass scrap. He transports his business products, and he conducts his transportation business in his mini truck. He is a humble man who says, "I am attempting to expand my business." He is requesting 4,000,000 MNT loan to purchase spare machine parts and more recycled materials.

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 $2,950 helped Natsagdorj to purchase spare machine parts and more recycled materials.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Sep 7, 2012
Currency Exchange Loss:
Oct 17, 2014