Check out some available loans that are similar to this one!
Amanjol
Amanjol is 29 years old and lives with his sisters, mother, wife and daughter in a house in the Bayan-Ulgii province of Mongolia. His sisters are college students. His wife works at the local photo studio. He started a business in 2004 selling meat with his sister. In 2007 he started to work at the car body shop that belongs to his brother. His monthly salary was 150,000 Mongolian Tugriks (MNT). In April 2011 he opened a tire repair center and his business is doing well. In the future he plans to expand his business and open a car repair center. He is a hardworking and diligent man who says "I want to build a big house for my family." He is requesting a 2,000,000 MNT loan to purchase additional equipment for his business and increase his turnover capital.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    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 Amanjol to purchase additional equipment for his business and increase his turnover capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 2, 2011
Listed
Sep 17, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012