Check out other loans that are currently fundraising!
Davaa
Mrs.Davaa is 22 years old and lives with her husband in a Ger, in Uvs province of Mongolia. She worked at a cell phone repair company until 2012. Now she and her husband are starting to operate new business of their own which will provide mobile phone repair service and sell mobile phones in retail price on stall at shopping center. She is requesting 3,000,000 MNT to buy equipments, mobile phones and mobile parts to start her own business. She is a hardworking and careful person. She said, "I cannot make time stopped or come back so I wont waste my time and work wisely"

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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,360,225
    Funds lent in using Kiva
  • 1,387.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Davaa to buy new equipments and tools for newly starting mobile phone repair and sales business.
92% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014