Check out some available loans that are similar to this one!
Mr. Oyunbat, 22 years old, lives with his wife and son in a ger, in Uvs province, Mongolia. His wife, Solongo, is a senior student at university and temporarily staying at home with her maternity leave. She has given birth to their son, Mongonbagana, 5 months old, and now is taking care of their newborn baby.

Oyunbat has been working as a driver in a local company since 2011. He is now planning to provide taxi services independently, during his off-duty time, because they have a newborn baby and his wife has not graduated yet. He has family expenses to cover and needs to work more. He is requesting a loan of 4,000,000MNT to purchase an eco-friendly, electric and gas consuming car, with which to provide taxi services. He is a hard-working, optimistic and modest 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
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Oyunbat to purchase an eco-friendly, electric and gas consuming car, to provide taxi services during his time off from his regular job.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 20, 2013
Currency Exchange Loss:
Jul 2, 2013