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Ulziidash is 63 years old and lives with his wife in an apartment in Hovd province, Mongolia. His wife, Tserendulam, is on a pension.

He worked as woodworking teacher in a secondary school. He retired on a pension in 2010. In 2011, he and his wife started a vacuum window-producing business to supply construction companies and individuals. Vacuum windows provide extra insulation.

He is planning to expand the business, which will increase the products he has for sale. He is a hardworking and modest person. He is requesting 4,500,000 MNT to buy a raw materials for his vacuum window-producing business.

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
  • 1,385.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,250 helped Ulziidash to buy a raw materials for his vacuum window-producing business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 6, 2012
Sep 22, 2012
Currency Exchange Loss:
Oct 17, 2014