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Amanhan is 33 years old. He lives with his wife and 2 children in a small house in the Bayan-Olgii province of Mongolia. He has been working as an assistant in a private construction company for years now. His wife gave birth to their son and stays home with the young child. His older son, Daurjan, is 5 years old and goes to kindergarten. Amanhan is now planning to open a butcher shop because at this time of year the price of cattle and meat products is lowest. So he is requesting 2,500,000 MNT to purchase cattle from herders and sell the meat to customers at a retail counter which he has already ordered in the local market. He has been helping his parents to breed cattle since he was a child, so he knows lot about cattle and meat production. He is a hardworking, honest man.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Amanhan to purchase cattle from herders.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 7, 2012
Nov 16, 2012
Currency Exchange Loss:
Nov 17, 2014