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Mr. Luttomor is 55 years old and lives with his wife and son in a 'ger' in Bayanhoshuu district of Ulaanbaatar, Mongolia. His wife Shurentsetseg, age 54, works at a local market in housekeeping. His son Baasansuren, age 16, goes to local secondary school.

This borrower has been running his taxi service in town since 2005. He has regular customers in the area and now he is planning to change his car into an eco-friendly electric and gas consuming car in order to increase its efficiency. He is now requesting 2,200,000 MNT to purchase an eco-friendly electric and gas consuming car for his taxi service business. He is well-experienced and a hardworking 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
  • 1,372.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Luttomor to purchase an eco-friendly electric and gas consuming car for his taxi service.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 2, 2013
Jan 31, 2013
Currency Exchange Loss:
Jan 17, 2015