Check out some available loans that are similar to this one!
Noosgoi
B. is 52 years old and lives with his wife and four children, aged between 24 and 17, in the Uvs province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His two older children have graduated and are working in their town, while the younger two children are still in high school.



B. and his wife work together sewing traditional Mongolian boots which they then sell at the local market. B.’s wife, Tseveen, began sewing in 1984 and her work is very popular because of its high quality.



B. also owns a car repair service which he began in 2004. This couple works hard to provide for their children and improve the quality of their lives with education. B. is requesting a 2,000,000 tugrug (~1400 USD) loan in order to purchase fabrics and finishing materials to be used for making boots during the upcoming winter months.

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

  • $2,175
    Average annual income
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,440.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Noosgoi to purchase fabrics and finishing materials to be used for making boots during the upcoming winter months.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2009
Listed
Oct 20, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010