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Handsuren
Handsuren is 26 years old and lives with her husband and son in Ger, located in the Govi-Altai province of Mongolia. Her husband, Nergui, works at a local museum. Her son, Togoldor, age 4, is under the care of her mother-in-law and sister-in-law during the day. Handsuren has worked as a saleswoman in the local market for years. She is now starting her own clothing retail business in the market. She is requesting 3,000,000 MNT to import clothing inventory from Erlian, China, to sell to local customers. She is a hardworking and energetic person.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,390.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Handsuren to import clothing inventory from China to sell to local customers.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 7, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014