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Anhtuya
Mrs. Anhtuya is 42 years old and lives with her husband and three children, in a ger in Sainshand soum of Dornogobi province, Mongolia. Her husband Batbayar, 42, works as a retail salesperson of pelts, at a local market. Her son Shinetsogt, 19, studies at university, her daughter Bayartsetseg, 15, is a secondary school student, and her youngest daughter Bolortsetseg, 4, goes to the local kindergarten.

Anhtuya has been working as a tailor at a private tailoring company for over 10 years, and she has obtained a lot of experience. Now, she is starting her own business, a tailoring service, in a local shopping center, which is the best place to operate a tailoring service. She is requesting 1,000,000 MNT to purchase an automatic sewing machine, and inventory with which to start her new tailoring business. She is a hardworking and diligent woman.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,399.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Anhtuya to purchase an automatic sewing machine, and inventory with which to start her new business, a tailoring service, in a local shopping center.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013