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Natsagdorj is 62 years old and lives with his wife in a small house in the Uvurhangai province of Mongolia. His wife, Battogoo, age 56, is retired and stays home. He runs a transportation service business in town and also works part-time at a local newspaper agency as a correspondent. His car has been broken for a while and needs repair in order to run his transportation business. He is now requesting a 1,150,000 MNT loan to repair his car. He is a hardworking, positive, and modest man.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Natsagdorj to repair his car to run his trasportation service business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 25, 2012
Jan 24, 2013
Currency Exchange Loss:
Jul 4, 2013