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Ganzorig
Ganzorig is 39 years old and lives with his daughter in a ger (Mongolian yurt) in the Dornod province of Mongolia. He is a single father. His daughter is a school student. He started his business in 2006 by selling meat. In 2010, he started selling religious articles instead of meat. This business is much more profitable and easy on him, however it requires additional money in order to run it. He is requesting 2,000,000 MNT to buy religious supplies. He is a sharp and hardworking man who says "The meat retailing business income was difficult to support my daughter. Now my antique business is paying off, however due to the lack of supplies, I am losing a lot of customers".

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
  • 1,350.0
    Mongolia Tugriks (MNT) = $1 USD