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Suhbaatar
Mrs. Suhbaatar is 23 years old and lives with her husband and two sons in a ger (or traditional Mongolian tent) in Uvs province. Her husband Anhtuya, who is 27, stays home to care for their new baby boy, Amarbayasgalan, who is one year old. Her older son Anhsuh, who is four, goes to local kindergarten. Mrs. Suhbaatar has worked in various fields and is now planning to start her own business of selling groceries. She is requesting a loan for 3,500,000 MNT to buy a refrigerator and items to sell from it in her grocery store. She is a hardworking and realistic person.

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
  • 15
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Suhbaatar to buy a refrigerator and items to sell in it.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2012
Listed
Jan 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 28, 2013