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Mr. Davaadorj, age 27, used to work as a security guard in a large grocery store before starting up his own taxi service business, transporting his customers via motorcycle in town. He lives with his wife and their two daughters in a ger (a traditional Mongolian yurt dwelling) in the Arhangai province of Mongolia. His wife runs a small organic dairy products production and sales business from her home. Their daughters Monhmandah, age five, and Uranmandah, age two, attend a local kindergarten.

Mr. Davaadorj's wife has been producing organic dairy products and selling these to local customers for some time. She is well-known for her high-quality products among her customers. Mr. Davaadorj is requesting 600,000 MNT in order to purchase inventory for his wife's business.

He and his wife are both hard-working, diligent, and enthusiastic people.

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
  • 1,386.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Davaadorj to purchase inventory for his wife's organic dairy products production and sales business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 25, 2012
Jan 24, 2013
Currency Exchange Loss:
Aug 17, 2013