Check out some available loans that are similar to this one!
Togtuur
Togtuur is 29 years old and lives with her husband in their ger (traditional nomadic yurt) in Uvs province, Mongolia. Her husband helps her to run their family business of traditional food delivery.

Togtuur used to work at a local small cafeteria. She rented the small cafeteria and started her own cafeteria business in 2005. But the profit margin was very small due to the renting fee. She decided to cook food at home and deliver to local market retailers and other businesses. Her husband helps her to deliver food and purchase the materials. Togtuur is also planning to open a mobile clothes retail business soon.

Togtuur is now requesting a loan of 2,800,000 MNT to purchase a large amount of meat and other food materials to run her traditional food delivery business.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,715.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Togtuur to purchase a large amount of meat and other food materials to run her traditional food delivery business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 4, 2014