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Gansuvd
Mrs Gansuvd is 33 years old and lives with her husband and two children in an apartment in the Selenge province of Mongolia. Her husband Enh-Otgon, age 27, works as a computer repairman in a local company. Her 13-year-old daughter, Binderiya, goes to a local school. The couple also have a 10-month-old son, Anar, and so Gansuvd stays stays at home to take care of him. Her husband is planning to start his own computer service business in a rental office. Thus, Gansuvd is requesting 3,900,000 Mongolial tugriks (MNT) to purchase a scanner, a printer and other equipment to start his business. Her husband is a hardworking, well-experienced man who says: "We have a new born baby and our family expenses have increased a lot and I need to take care of my family".

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Gansuvd to purchase a scanner, printer and other equipment so that her husband can start a new computer service business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 7, 2013