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Mr. Ganzorig is 28 years old and lives with his wife and son in a ger in Uvs province of Mongolia. His wife Enhtungalag, works in a local market as a saleswoman. His son Togoldor, age 3, goes to local kindergarten. Mr. Ganzorig has been working on a construction site as an assistant worker during the summer and as a part-time driver during winter. He is now planning to start his own business of taxi service in town. He is now requesting 3,650,000 MNT to purchase an eco-friendly electric and gas consuming car to provide taxi service to local customers. He is a hardworking and diligent 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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Ganzorig to purchase an eco-friendly electric and gas consuming car to provide taxi service to local customers.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Jan 18, 2013
Currency Exchange Loss:
Aug 17, 2014