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Amraa
Amraa, age 41, is widowed and lives with her daughter in Uvurhangai Province in Mongolia. They live in a ger (a Mongolian nomadic housing tent) on a small plot of land that they have owned for the past ten years. They have a decent standard of living. Amraa started working as a salesperson at a stall in 2004, and she began operating her own construction materials trading business in 2008. Now, she sells construction materials from a store that she owns, and her current retail turnover exceeds 7,000,000 MNT. She is a hardworking and polite person. Amraa is requesting a loan of 2,000,000 MNT to purchase more construction materials for her 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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,210.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Amraa to purchase more construction materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 9, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2012