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Amanjol M. is 30 years old and lives with his wife and child in the Bayan-Ulgiy province of western Mongolia. He and his family live in a ger, a traditional Mongolian nomadic tent.

Amanjol is a very busy man, owning not just one business, but two. He operates a shoe repair business in the local market during the day and he drives a taxi at night. Amanjol began his shoe repair business in 2000 with the help of his mother, and since 2009 he has been operating the business alone. He is a very gentle and hardworking man and says, "I would eventually like to change my workplace for the future so that I can grow my earnings and expand my customer base." Amanjol is requesting a 400,000 MNT loan to purchase more supplies (such as rubber, glue, leather and nails) that he needs for his shoe repair 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
  • 16
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,286.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Amanjol to purchase more supplies (such as rubber, glue, leather and nails).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 5, 2010
Oct 30, 2010
Currency Exchange Loss:
Nov 19, 2011