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Zagarsuren
Zagarsuren is 22 years old and lives with her husband and her brothers in a ger, a Mongolian yurt, in Uvurhangai province of Mongolia. She is a college student. Her husband has a physical disability. Her parents are deceased. She is feeding her two younger brothers. Her younger brothers go to the secondary school. She started her own cafe business in July, 2012. Her husband and her younger brothers always help her. She is planning to expand her cafe business. She is requesting a 1,000,000 MNT loan to purchase construction materials to repair her cafe. She is a good-hearted and hardworking woman. Zagarsuren 's goal is to increase the profit and to save the money for her husband and younger brothers to go to college.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Zagarsuren to purchase construction materials to repair her cafe.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013