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Rentsen
Rentsen is 33 years old. He lives with his wife and two sons in a ger, Mongolian traditional nomadic housing tent, in Hovd province, Mongolia. Rentsen’s wife is unemployed and his two sons go to a local secondary school. For the past three years, he has run a photo service business. In order to increase his family’s earnings, Rentsen also started a taxi service business last year.

Rentsen is requesting a 1,800,000 MNT loan to purchase a printing machine and some materials for his photography business. He is a good person who says, “I want to buy a printing machine with the loan.”

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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,267.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Rentsen to purchase a printing machine and photography materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2011
Listed
May 6, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013