Check out some available loans that are similar to this one!
Guljazi
Guljazi H. is 38 years old and lives with her husband and five children, in a ger, a traditional Mongolian nomadic tent home, in the Bayan-Ulgiy province of western Mongolia. Her oldest three children, ages 16, 14 and 12, all attend secondary school.

Her husband works as an assistant driver with a monthly salary of 80000 MNT. In 2006, Guljazi worked in a cafe as an assistant cook. Later, she worked as a salesperson in a clothing market for a year. Then, in 2008, she began to operate a retail clothing business in her local community with working capital of 800000 MNT.

Her business has not reached a sustainable level yet. Guljazi hopes to expand her business and also wants to be able to pay for her children to go to university so that they can get a good education. She is requesting a 1500000 MNT loan to import more clothing from China to sell.

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
  • 1,280.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Guljazi to import more clothing for resale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2010
Listed
Nov 4, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 21, 2011