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Aisaule
Aisaule is 28 years old and lives with her husband and two daughters in a small house on their plot of land in Bayan-Ulgii province, Mongolia. Her husband Aidos teaches at the local secondary school. Her older daughter Shugila is seven years old and studies at the local primary school. Younger daughter Arujan is three and goes to the local kindergarten. She has been on maternity leave for a few years and just started her own business of cosmetics retail in the local market. She has years of experience as a saleswoman from her employment in a retail store in the local market before she gave birth to her daughter. She is now requesting a loan of 1,500,000 MNT to purchase inventory to sell at her rental counter of the local market in order to increase her sales. She is hardworking, diligent and has good taste in selecting her inventory.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,560.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $975 helped Aisaule to purchase inventory to sell at her rental counter.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2013
Listed
Aug 24, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 2, 2014