A very modest and polite man, Amartuvshin is requesting a 1,000,000 MNT loan to purchase groceries such as bread, pastries, flour, rice and candies from wholesale stores in the capital city of the province for his future grocery shop.
About XacBankThis 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.
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Success!! The loan was 100% repaid