She has been managing a coal, firewood and pine nut retail business since 2004. She is well experienced in the sector and has many regular customers. She has taken 10 loans before this from Xacbank and made repayments according to the installment plan.
Nasanjav is planning to start providing taxi service. Her husband will be operating the taxi. She is asking 1,000,000 MNT to purchase a taxi car for her husband's business of taxi service. She is an optimistic and hardworking person.
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 XacBankThis 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.
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