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Gantulga
Gantulga is 36 years old and lives in his older brother's ger (Mongolian yurt) in the Sansar area of Ulaanbaatar city. He manages a photography business in his town. He makes and prepares photo albums for students and pupils. He is planning to renew his equipment with the loan received from Xacbank, one of the biggest banks in Mongolia. He is polite man who says, "I want to have my own photo studio in the future." He is requesting a 2,000,000 MNT loan to purchase equipment.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,367,100
    Funds lent in using Kiva
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Gantulga to purchase equipment for his photo studio.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2011
Listed
Jul 6, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2012