Since then she has been able to stabilize her business and is planning to continue her business in the future. Now her monthly net profit is 330,000 MNT with daily earning of 30,000 MNT. Her husband is very supportive with her business and provides much advice on how to improve her service. Altantsetseg herself is a very hardworking and honest woman who provides safe and comfortable service to her customers. She says. "I am thankful to Xacbank for trusting me and lending me some money which helped me to improve my business." She is requesting a 2,000,000 MNT of loan to purchase some construction materials to fix her house.
About XacBankThis 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid