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Javhaa
Mr. Javhaa is 44 years old and lives with his wife in a small house in the Nalaih district of Ulaanbaatar, Mongolia. His wife Nyam, age 50, is retired and helps her husband to run his cobbler business in the spare room of their house. Javhaa’s three children all are married and live separately from them.

Javhaa used to be a herder; then moved to the city and started his cobbler business in their spare room. He has built a close relationship with his customers and suppliers. He is now requesting 2,500,000 MNT to purchase a sewing machine and inventory to run his business smoothly and without sudden pause.

Javhaa is a hardworking, diligent and honest man.

Additional Information

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Javhaa to purchase a sewing machine and inventory to run his business smoothly and without sudden pause.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2012
Listed
Jan 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015