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Ariunjargal
Ariunjargal, 22, lives with her husband and daughter Nasandelger in Ger in the Bayanhongor province of Mongolia. Her husband Erhembayar runs a transportation service with his old Russian van.

Ariunjargal worked as a saleswoman for years. She then gave birth to her daughter and is now sending her daughter to kindergarten and starting her own retail business selling clothes at a counter at a local market.

She has experience selling clothes at a retail store. She is now requesting a loan of 3,000,000 Mongolia tughrik to import clothes from Erlian, China to sell to local customers.

Ariunjargal is tasteful, energetic and a hardworking young 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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,430.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,100 helped Ariunjargal to import clothes from Erlian, China to sell to local customers.
95% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014