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Nansaljav
Mrs. Nansaljav is a married borrower from Uvs province, Mongolia. She lives with her husband and children in her own fence and land. Her husband crafts wooden products at home and sells through his friends and family network. Her older son is a student at the university in Ulaanbaatar city and her two younger children are going to a local high school.

She has been running a clothing sales business since 2011. She rents a sales counter in the province Trade Center and provides clothing at retail to local residents. She is selling all season clothing and she imports the clothing from Erlian, China. Her husband is working for a local company. She is now requesting 8,500,000 MNT to purchase affordable and fashionable summer clothing to sell at her counter and let her husband make his wooden craft production a business. They are happy and hardworking people.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,824.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $4,675 helped Nansaljav to purchase affordable and fashionable summer clothing to sell.
25% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible