Check out some available loans that are similar to this one!
Anonymous
For the borrower's privacy, this loan has become anonymous. Lenders to this loan can sign in to view complete details Learn More

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,826.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Delinquent
A loan of $3,300 helped this borrower to purchase equipment and raw materials with which to run her tailoring enterprise as a completely new business with a new business model.
20% repaid
Repayment Term
29 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Aug 15, 2014
Listed
Jul 5, 2014
Currency Exchange Loss:
Possible