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Handhuu
Handhuu, aged 46, lives with her family in a ger district of Ulaanbaatar city. Her husband Munhjargal, 46, is running a taxi service business. Her 21-year-old daughter is a college student and her 17-year-old son stays at home because he has a brain tumor. Handhuu wants to start a mobile trade, selling ready-made women's and kids clothes which are imported from China. She found space to rent along the central road. She is planning to start the business and is applying to for 3,500,000 MNT loan to buy the supply of chic brand-name clothes. Handhuu is an ethical and punctual woman recognized by customers and also is a client of the ecological department of the Bank.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,342.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Handhuu to buy a supply of chic brand-name clothes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013