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Ganbold
Mr.Ganbold is 31 years old and lives with his wife and a daughter in a small house in Selenge province of Mongolia. His wife, Alimantuya, is 32 years old and runs their family transportation business with her husband. His daughter, Battsetseg, is 13 and attends a local school.

Ganbold has been working at a local company as a driver for years and has just started a transportation service business back and forth to the Russian border and Selenge province. He is now requesting 2,500,000 MNT to start a business importing tires from Russia, and selling to local customers using his truck.

He is a hardworking, creative and responsible man.

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.

Tags

About Mongolia

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,702.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Ganbold to start a business importing tires from Russia and selling to local customers using his truck.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 4, 2014