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Gan-Erdene is 33 years old and lives with his wife and two children. His wife, Bolorchimeg, is 33 years old. She works as an assistant at Oriental clinic. His son, Ariunkhuu, is five years old. His daughter, Choimaa, is nine years old. The children attend the local primary school.

Gan-Erdene has been working at a tire repair station. He is well experienced in this work. He is starting his own small tire repair service station. He is requesting 1,000,000 MNT to buy inventory and other equipment for his business. He said it will be a very important step for his family. He is a hardworking, diligent and reasonable man.

Additional Information

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
  • 1,764.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gan-Erdene to buy inventory and other equipment to start his own tire repair business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 31, 2014
Apr 30, 2014
Currency Exchange Loss:
Jan 7, 2015