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Tuvshinbat
Mr.Tuvshinbat is 23 years old and lives with his father in a small house in the Bayanhoshuu area of Ulaanbaatar, Mongolia. His father has been running a photography service business in town since 2007. He used to help his father and he learned so much from his father. He has been operating the photography business with his father recently but he lost his camera and his business temporarily stopped. He is now requesting 3,000,000 MNT to purchase a new camera to continue providing his photography service business in his rented place. He is a hardworking, talented and responsible 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,427.5
    Mongolia Tugriks (MNT) = $1 USD