Check out some available loans that are similar to this one!
Mongontuya
Mrs.Mongontuya is 23 years old and lives with her husband and son in a ger in the Uvs province of Mongolia. Her husband, Mongontulga, works at a local cobbler company.

Mongontuya gave birth to her son Monhbat a year ago, and has just started working following her maternity leave. She and her husband are now starting a cobbler business at home during their off-duty time in order to increase the family income. Since they have a newborn baby, family expenses have gotten raised a bit.

She is now requesting 2,000,000 MNT to purchase leather and other materials to produce shoes to sell to local clients in order to increase the family income.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Mongontuya to purchase leather and other materials to produce shoes to sell to local clients in order to increase the family income.
90% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014