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Myagmar-Od
Mr. Myagmar-Od is 26 years old and lives with his wife and son in her sister's house in the Bulgan province of Mongolia. His wife, Bulganchimeg, is 26 years old and works as a salesperson in a private company. His son, Telmuun, is 2 years old and goes to kindergarten. The borrower started his business of clothing retail at a local shopping center 4 years ago. He has built a close relationship with his customers and is well-known within the area. He needs an additional investment of 3,100,000 MNT to purchase seasonal clothes to sell during New Year's and Lunar New Year's to increase his income and improve his life. He is a hardworking, optimistic and diligent 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,399.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,225 helped Myagmar-Od to purchase seasonal clothes to sell during New Year's and Lunar New Year's to increase his income and improve his life.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 13, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014