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Mr. Erdenebaatar is 29 years old and lives with his wife and two children in a rental apartment in the Orhon Province of Mongolia. His wife, Nandinjargal, 25, is a Masters student and temporarily stays home because she just gave birth to their son, Irmuun, 7 months ago. His daughter Misheel, age of 4, goes to a local kindergarten.

Erdenebaatar has been running a mobile phone repair business since 2008. He is now planning to expand his business and start selling mobile phones at his rental counter in a local shopping center.

He is now requesting 3,500,000 MNT to purchase more inventory, so he can run his business with a higher income.

He is a well-communicative, friendly and hardworking man.

Additional Information

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
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Erdenebaatar to purchase more inventory so he can run his business with a higher income.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 16, 2012
Currency Exchange Loss:
Oct 17, 2014