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Nasanjargal
Mr. Nasanjargal is a married borrower from the Uvs province of Mongolia. He lives with his wife and his children in his own fenced-in land. His wife works with him and they drive around the province to sell their clothing. His oldest son is running his own business and 2 other children are studying in Ulaanbaatar city.

Nasanjargal is running a clothing business with his wife. They drive around to places and different cities and provinces to sell their clothing. They import their clothing or products from Erlian, China. They run their business at any season of the year.

He is requesting 1,000,000 MNT to import summer clothing from Erlian, China to provide affordable clothing to local residents.

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

  • $2,175
    Average annual income
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,811.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Nasanjargal to import summer clothing from Erlian, China to provide affordable clothing to local residents.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 26, 2015