Her husband Odgerel, age 39, is currently unemployed, stays home and takes care of their newborn baby boy, Telmen who is one year old.
Her daughter Zolzaya, age 19, goes to university and her son Gereltsetseg, age 10, attends a local school.
Monhzul has been working in various fields over the years and has been on maternity leave. Now she is starting her own food business in rental place on a hospital's first floor.
She is requesting a 2,000,000MNT loan to purchase equipment and inventory for her new cafeteria business. She is a hardworking, positive and honest woman.
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 XacBankThis 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.
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Success!! The loan was 100% repaid