Handmaa runs a grocery store in a rented stall at a trading center. She started her business in 2008 and is planning to expand her business. She is requesting a 1,500,000 MNT loan to purchase more inventory for her business.
She is an honest woman who says, "I want to receive a loan to expand and continue my business."
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.
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Success!! The loan was 100% repaid