Check out some available loans that are similar to this one!
Altanhuyag
Mr. Altanhuyag is 34 years old and lives with his wife in a small house in the Arkhangai province of Mongolia. His wife Suvd-Erdene is 24 and started their family business together with her husband. Altanhuyag used to work in South Korea as contract worker in heavy and tough factories. He saved a little money to start his own business in his hometown and started a small frozen-food manufacturing business with his wife. Their business has been running successfully for a few months now and needs an additional investment of 3,000,000 MNT to purchase a large amount of meat to reserve for producing more traditional frozen dumplings to sell to his clients. He is a hardworking and modest 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,703.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,775 helped Altanhuyag to purchase a large amount of meat to reserve for producing more traditional frozen dumplings to sell to his clients.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 2, 2015