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Mr.Purevbat is 31 years old and lives with his wife and three children in a house in Huvsgul province, Mongolia. His wife Bolormaa, age 31, stays home taking care of their newborn baby boy Chinguun. His daughter Haliunaa, age 7, and son Bilguun, age 5, go to local primary school and kindergarten.

This borrower has been working in various types of businesses since he graduated from secondary school. He has gained lot of experience in dealing with various types of people. He is now planning to start his own taxi service business in town and is now requesting 3,000,000 MNT to purchase an eco-friendly, energy-efficient second-hand car to start his taxi service. He is hardworking, helpful and an enthusiastic young 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
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Purevbat to purchase an eco-friendly, energy-efficient second-hand car to start his taxi service business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 28, 2013
Apr 18, 2013
Currency Exchange Loss:
Oct 2, 2014