Check out some available loans that are similar to this one!
Regzedmaa
Regzedmaa is 41 years old. She lives with her husband and 2 daughters in a house in the Bayanhongor province of Mongolia. Her husband, Jargalsaihan, is 45 years old. He is a herder, and he takes care of their livestock. Her daughters are Monhtsetseg, age 19 and a university student, and Mongonhundaga, age 11 and a student at the local secondary school. Regzedmaa lived in the countryside with her family, taking care of their livestock, for years. She moved to the provincial center to let her daughters to attend school. Regzedmaa has been working as saleswoman in the local market since moving into the province. She is requesting a loan of 3,000,000 MNT to purchase inventory to start her own clothing business in the local market. She is a hardworking and enthusiastic 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Regzedmaa to purchase inventory to start her own clothing business in the local market.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Mar 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013