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Azjargal
Mrs Azjargal is 34 years old and lives with her husband and three children in Ger in the Uvs province of Mongolia. Her husband, Chimedtseren, works at a construction company. Her two daughters study at a local school and her son goes to a local kindergarten. Azjargal has worked at a local shoe manufacturing company for four years and gained a lot of experience in the field. She is now planning to start her own business manufacturing shoes at home and now requests 2,000,000 MNT to purchase starting inventory of leather, soles and other materials for her new shoe manufacturing business. She is a hardworking, diligent and well-behaved person.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 21
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Azjargal to purchase starting inventory of leather, soles and other materials.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013