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Mr. Dashzeveg is 69 years old and lives with his wife in a small house in the Huvsgul province of Mongolia. His wife, Davaajii, age 70, is retired and stays home. He worked in a state-owned organization for years and retired several years ago. He and his wife cover their expenses from their pensions. He is now starting his own business of poultry breeding on their plot of land. He used to help with his children's business, so he knows a lot about business. He is now requesting 2,000,000 MNT to purchase a special breed of poultry for his newly started business. He is a hardworking, tough, and energetic 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
  • 1,390.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Deshzeveg to purchase a special breed of poultry for his newly started business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jan 6, 2013
Feb 5, 2013
Currency Exchange Loss:
Nov 17, 2014