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Mr. Nilaajav is 48 years old and lives with his wife and two children in a ger (Mongolian housing tent) in the Hovd province of Mongolia. His wife, Tsendee, age 48, works at a private, small cafeteria as a chef. His son, Narmandah, age 18, and daughter, Battsetseg, age 21, are university students.

Nilaajav has been a running billiard game center since 2000. He has closed his billiard center because the place he rents has cancelled the contract. He is now planning to start his own business of a taxi service, and he is planning to purchase a car to start the business.

He is now requesting 1,500,000 MNT (Mongolian tugriks) to purchase an eco-friendly electric-and-gas consuming car to start his taxi service. He is a hardworking and enthusiastic 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
  • 1,379.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Nilaajav to purchase an eco-friendly electric/gas car to start his taxi service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Dec 28, 2012
Currency Exchange Loss:
Oct 17, 2013