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Mendjargal is 31 years old and lives with his wife in a ger, a mongolian yurt, in the Bayanhongor province of Mongolia. His wife runs a sewing business at home.

Mendjargal started a taxi business in 2009 using his own car. His daily income is 10,000 - 15,000 MNT. Now that his wife is starting a business, he wants to support her by buying her a sewing machine and raw materials. His wife is a certified tailor and very talented. There are no decent tailor shops around the neighborhood.

Mendjargal is a strong and diligent man who says "my wife is very talented on sewing and more importantly she loves it so I will do everything I can in order to support her". He is requesting 1,000,000 MNT to purchase sewing materials and a sewing machine for her wife's business.

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
  • 1,275.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Mendjargal buy a sewing machine and sewing materials for his wife's business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 10, 2011
Nov 1, 2011
Currency Exchange Loss:
Nov 15, 2012