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Junai
Junai N. operates a used clothing business in her town. She is 45 years old and lives with her husband and six children in Tuv province in central Mongolia. She and her family all live together in a small house. Of her three children that are still of school age, one son attends university and her youngest son and daughter are still in high school. Her husband works as a security guard at a local consumer goods store.


N. sells a variety of secondhand clothing items for both children and adults. She started her clothing business in 2007 with capital of 650,000 tugrugs (~460 USD) after previously working as a salesperson. She has quickly been able to build a stable business and has continued to improve her selling skills. Today, her working capital exceeds 1,300,000 tugrugs (~914 USD). N. is very hardworking and hopes her future business success will enable her to support her children's education. She is requesting a 1,100,000 tugrug (~770 USD) loan to purchase blankets, rags, children's clothing, and pants to sell at her 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,439.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Junai to purchase blankets, rags, children's clothing and pants to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2009
Listed
Oct 21, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010