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Auysh
Auysh is 48 years old and lives with her husband and four children in a ger, the Mongolian traditional nomadic housing tent, in Hovd province, Mongolia. Her two older children are students while her younger one is a pupil. Her husband is a driving instructor at a private driver training school.

Auysh manages a computer and Canon service business besides her accounting job at Hovd Uho Co.,Ltd. However, she is planning to quit her job in order to conduct her own business in the future. The reason is that her employer never pays her salary on time and her own business is much more profitable compared with her accounting job. She is requesting a 600,000 MNT loan to purchase equipment for servicing computers.

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
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Auysh to purchase equipment for servicing computers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012