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Hashhuu
Hashhuu is 23 years old lives with his parents in a small apartment in Ulaanbaatar, Mongolia. His father works at a local candy factory and his mother is an engineer at a local airline company.

Hashhuu has been enthusiastic and hardworking since he was a young child. He started working while attending university. He has a few years of experience working at a popular chain restaurant and gained experience and skills running a small cafeteria. He has found a place to open his small fast food stall. It is close to schools and other public organizations and there are no potential competitors nearby.

Hashhuu has written a business plan for his fast food business and was granted technical support from Development Solutions local NGO which now pilots the "Youth Business Mongolia" project to support young entrepreneurs' ideas. His fast food stall would provide organic products including traditional food, dairy products, and drinks.

He is requests 8,000,000 MNT to invest in his idea to start a fast food business.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,730.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,625 helped Hashhuu to invest in his idea to start a fast food business.
38% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Feb 20, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible