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Yakula
Mr.Yakula is 51 years old and lives with his wife and three children in a small house in the Bayan-Ulgii province of Mongolia. His wife Juldiz is 51 and helps her husband run their family business of retail clothing at a rental counter of the local market. Their older daughter, Saulegul, is 24 and works at a local company. Son Jarhinbek is 23, a university student, and youngest daughter Ardah is a local secondary school student.

Yakula and Juldiz started their family business of retail clothing in 2000, and import clothing inventory from Erlian, China to sell at a rental counter of the local market. To increase their sales, he is now requesting loan of 4,000,000 MNT to purchase a clothing inventory before the academic year starts.

He is a hardworking, responsible, and welcoming 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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,557.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,575 helped Yakula to purchase a clothing inventory before the academic year starts in order to increase their sales.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 7, 2015