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Natsagdorj
Mr. Natsagdorj is 41 years old and lives with his wife and 2 children in the Uvs province of Mongolia. His wife Buren, age 36, runs cobbler service at home. His daughter Solongo, age 10, goes to a local primary school and son Gerelt-Od, age 4, goes to local kindergarten. Natsagdorj has been running a general store at a local market for years. He is now starting a butcher shop on a rental counter of the local market and is requesting 1,000,000 MNT to purchase large amounts of meat products from herders. He is a hardworking, neat and modest man.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,384.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Natsagdorj to purchase large amount of meat products from herders for his butcher shop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Mar 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 9, 2013