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Janarbek
Janarbek M. lives with his wife and daughter in the Bayan-Ulgii province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His wife works as an English teacher for the local school and Janarbek operates a PLAY STATION 2 PC game center in his town. He began his business in 2009 and has built a stable operation. His game center is equipped with the latest equipment and tools, which attracts many customers. His PC game center is the only one to exist in the local community and therefore his income and demand are usually high. In the future he plans to open another branch of his PC game center. Janarbek is an open-minded man with initiative, and he says, "All I want is to establish the best service center in my town in the future." He is requesting a 3,000,000 MNT loan to buy more computers and televisions for his PC game center.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Janarbek to buy more computers and televisions.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2010
Listed
Dec 4, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 19, 2011