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Mungunsar
Mungunsar is 56 years old and lives with her son, daughter-in-law and grandson in Ulaanbaatar city, Mongolia. She operates a jewelry trading business in a local market. She started her business when she arrived from Korea in 2010. She has a lack of business experience. For now, her daily profit is 20,000-30,000 MNT. Even though she is fairly new to the business she already has some regular customers and is known for her service. She is a hardworking and diligent woman who says, "I want to increase my current asset in order to improve my profit". She is requesting a 1,500,000 MNT loan to purchase more leather and silver and to increase her assets.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,280.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mungunsar to purchase more leather and silver.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Oct 13, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012