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Mr. Davaa is 57 years old and lives with his wife in a Ger (a Mongolian Traditional Yurt) in Uvurhangai province of Mongolia. His wife Tsetsegbold is 49 years old and runs and small retail business in the local market. Davaa has been running his own business, a butcher shop, in a rented area since 2003. He has built a close relationship with his customers and has served the best products to them over the years. He is a well-experienced man.

He is building a small house and is now requesting loan of 3,500,000 MNT to purchase insulation material and construction material to build an energy efficient house to stay warm during the harsh Mongolian winter.

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
  • 1,419.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,475 helped Davaa to purchase insulation material and construction material to build an energy efficient house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 27, 2013
May 28, 2013
Currency Exchange Loss:
Jun 12, 2015