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Unenjargal
Unenjargal, 29 years old, lives with his wife and two daughters in a house in the Sansar area of Ulaanbaatar, the capital city of Mongolia. His older daughter, age 10, goes to a local secondary school, while the younger one, who hasn't yet reached school age, stays home.



With the help of his wife, Unenjargal manages a coal and brick-trading business that he started in 2004. The coal-trading business is profitable during the cold seasons, while brick-trading is popular during warm seasons. He has gained much experience and is planning to have his own working place in the future because he currently faces high rental expenses. Unenjaral is requesting a 2,500,000 MNT loan to purchase sand, cement and bricks to sell in the summer.

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
  • 1,240.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Unenjargal to purchase sand, cement and bricks.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012