Check out some available loans that are similar to this one!
Bulgan
Bulgan is a 46-year-old widow with adult children who are married and living independently. She lives alone in a ger in the Arhangai province of Mongolia. For many years, Bulgan has been working as a tailor at a local private company. She retired last year and is planning to start her own tailoring service at home. Bulgan has a great deal of experience and is well-known in her community for her quality products and services.

Bulgan is requesting a 3,000,000 MNT loan to purchase inventory for her new tailoring business. She is hardworking 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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Bulgan to purchase inventory for her new tailoring business.
89% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015