Hardworking and modest, Altansuh dreams of having his own clothing shop in his town and now is requesting a 2,500,000 MNT loan in order to purchase a variety of clothing at wholesale prices in Ereen, a border city of China.
About XacBankThis 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.
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