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Due to the borrower having another Kiva loan that is currently anonymous, we have chosen to hide this loan's description in order to preserve the borrower's privacy.

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped this borrower to make necessary repairs to his carriage as well as to store up some food for his horse during the winter.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 10, 2011
Nov 25, 2011
Currency Exchange Loss:
Aug 16, 2012