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Gansukh
S. is 28 years old and lives with his wife and two young children in the Uvurkhangai province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His wife stays home and takes care of their children. S. operates a computer service business where he does computer repairs and maintenance. He began his business in 2005 and since then he has gained a good reputation amongst his customers. S. would like to eventually have his own computer retail store so that he can expand his customer base and his profits. He is requesting a 3,000,000 tugrug (~2100 USD) loan in order to purchase computers and computer parts for his business.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,425.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Gansukh to purchase computers and computer parts for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 2, 2009
Listed
Oct 16, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010