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Ganbat
D. Ganbat is 53 years old and lives with his wife in a small house in the Chingeltei district of Ulaanbaatar. He has been operating a clothing trade business since 1998. He has been managing his current clothes retail at a rental counter at a local market since 2008. He has years of experience and gained a lot of customers' trust over the years. He is now requesting 2,000,000 MNT to import winter clothes to increase the variety of goods and boost seasonal sales. He is a loyal client of Xacbank's seven times with no delinquencies. Ganbat is a positive, responsible and hardworking person.

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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Ganbat to import winter clothes to increase the variety of goods and boost seasonal sales.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 19, 2013