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Tegshjargal
Mrs.Tegshjargal is 30 years old and lives with her husband and 2 children in an apartment in Govi-Altai province of Mongolia. Her husband works at a local company as a supervisor. Her daughter, Anujin, age 5, goes to the local primary school and her son, Moron, age 2, goes to the local kindergarten.

Tegshjargal had been working in a local market for years before she gave birth to her children. She has been staying home taking care of her children until now, and is planning to start her own business of selling curtains at a local market. She is requesting 2,000,000 MNT to import curtains from Erlian, China, to sell at the market. She is a hardworking, well-experienced and friendly 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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,332,750
    Funds lent in using Kiva
  • 1,387.7
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Tegshjargal to import curtains from Erlian, China, to sell at the local market.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Jan 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013