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Harakoz
Mr. Harakoz is 29 years old and lives with his parents, brother, and son in a small house in Bayan-Ulgii province. His parents are retired and stay home. His brother works at a local private company. His son Mairambek, age three, goes to a local kindergarten.

Mr. Harakoz has been running a transportation service in town for ten years. He has built strong relationships with his customers. He is now requesting 3,000,000 MNT to purchase spare parts for his truck and to help run his business smoothly. He is a hardworking and modest man; he has a good record and has not been delinquent on his previous loans from XacBank.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Harakoz to purchase spare parts for his truck.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2012
Listed
Jan 22, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014