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Mr. Jantsansambuu is 31 years old and lives with his wife and 2 children in a Ger, a traditional nomadic tent, in Uvs province of Mongolia. His wife, Soninhuu, is unemployed and stays home taking care of the family. His daughter, Purevsuren, is 7 years old and is a local primary school student; his son, Barsuren, is 5 years old and attends a local kindergarten.

Jantsansambuu has been working in his wooden furniture and Ger manufacturing business since 2004 and has a lot of experience in the business. He has just gotten orders from a smaller administrative area within the province for 10 Gers and needs 2,000,000 MNT to purchase wood and other inventory to meet the order and increase his sales. He is a hardworking and diligent man.

Additional Information

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,489.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,350 helped Jamtsansambuu to purchase wood and other inventory for his furniture and Ger manufacturing business.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 17, 2013
Aug 4, 2013
Currency Exchange Loss:
Dec 1, 2014