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Nyamgalya, age 54, provides transportation services to earn an income. He lives with his wife Oyun and their two daughters in a "ger" (a traditional Mongolian family tent dwelling) in the Uvs province of Mongolia. Oyun is retired and stays home, focusing on taking care of the family. Their daughters, Chagtsalmaa and Badamsumber, are university students.

Nyamgalya runs his inter-city transportation service from Uvs to Ulaanbaatar, the capital city of Mongolia. He transports organic salt (made from Uvs lake in Uvs province) to Ulaanbatar, where he offers it for sale. He then brings a variety of goods for other local customers back to Uvs province. He is known as a hard-working, modest, and courteous person.

Since both his daughters attend university, Nyamgalya needs to increase the family income so that he can cover their educational expenses. He is therefore requesting a loan in the amount of 4,000,000 MNT, which he will use to purchase a large amount of organic salt produced from Uvs lake, which he will transport to the capital city to offer for sale.

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
  • 1,489.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,700 helped Nyamgalya to purchase a large amount of organic salt (produced from Uvs lake) to transport to the capital city to offer for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 7, 2013
Aug 11, 2013
Currency Exchange Loss:
Dec 17, 2013