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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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,625.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Delinquent
A loan of $2,475 helped this borrower to purchase inventory and other necessary materials to fulfill his clients' orders on time.
53% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 8, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible