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Ganchuluun is 27 years old and lives with his wife and daughter in a ger (traditional nomadic tent) in the Uvs province of Mongolia. His wife Battsetseg has been staying home and taking care of their daughter Gantsetseg, age 3, since her birth. Ganchuluun has been working in various fields, and now he is starting his own taxi service in town. He is requesting 4,000,000 MNT to purchase an eco-friendly electric/gas hybrid car to start his taxi service. He is a hardworking, reliable, and kind person.

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
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,900 helped Ganchuluun to purchase an eco-friendly car to start a taxi service.
100% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 17, 2013
Currency Exchange Loss:
Sep 22, 2013