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Anhzaya
Anhzaya, age 27, has worked as a saleswoman since 2000. She now wishes to open her own retail sales clothing business at the local market. She lives with her husband and two sons in a small house in the Bayanhoshuu district of Ulaanbaatar, Mongolia. Her husband Mandah runs a small Internet cafe in their neighborhood. Their son Orgil, age 8, goes to the local primary school, and their younger son Javhlan attends the local kindergarten.

Anhzaya has gained lot of experience and has established a strong network over the years. She is confident that her new business will be a success. She is requesting a loan in the amount of 1,180,000 MNT in order to purchase a starting inventory for her new clothing retail venture.

She is a hard-working, optimistic, and honest 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $875 helped Anhzaya to purchase starting inventory for her new clothing retail business.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2012
Listed
Jan 20, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014