Check out some available loans that are similar to this one!
Altansanaat
Mrs. Altansanaat is 34 years old and lives with her husband and a daughter in Ger, in the Bayanhoshuu area of Ulaanbaatar City, Mongolia. Her husband, Boldbaatar, is 36 years old and runs a taxi service in town. Her daughter, Togsjargal, is six years old and just enrolled in primary school.

For years, Altansanaat has been working as a tailor in a local company and also tailors clothes, by order, at home, during her free time. She is now making it a real business, rents a workplace, and has started providing a tailoring service.

She is now requesting MNT 2,500,000 to purchase starting inventory, to start her own business. She is a hard-working, enthusiastic, and modest 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

  • $5,900
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,422.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,775 helped Altansanaat to purchase starting inventory, to start her own tailoring business.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014