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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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,773.0
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Delinquent
A loan of $1,975 helped this borrower to purchase a large quantity of summer clothes to sell.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 25, 2014
Apr 26, 2014
Currency Exchange Loss: