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Amanjol
Mr.Amanjol is a 31-year-old single man who lives with his sister's family in her house in the Bayan-Ulgii province of Mongolia.

The borrower has graduated from secondary school, and started working at a construction company as an assistant interior designer. He is planning to start his own interior design service business.

He is now requesting 3'000'000MNT to purchase inventory and some tools to start his own business, working with local customers.

He is a hardworking, diligent, and modest man who says, "I am trying to save to move out of my sister's house, get married, and start my own life."

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Amanjol to purchase inventory and some tools to start his own interior design business for local customers.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 3, 2015