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Munhjargal
Munhjargal D. is a 25-year-old woman who lives with her parents in Hovd province, Mongolia. She has a sick mother who is confined to bed and a father who is not working. Munhjargal operates a café business and has worked in her rented café in town since 2009. Before this, she was working in her sister's café, so she has a lot of experience. Munhjargal is a friendly and hardworking woman. She has good family relationships even though her standard of living is poor. In the future she hopes to have her own restaurant and be able to help her parents. She is requesting a 1,500,000 MNT loan in order to buy a refrigerator and dishes for her café.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Munhjargal to buy a refrigerator and dishes for her café.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2010
Listed
Dec 28, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013