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Javzmaa, 21 years old, lives with her parents and sister in a small house in the Bulgan province of Mongolia. Her father is a security guard at the Social Insurance Department and her mother Narangerel is chef at government agency. Her sister Urtnasan is a senior university student.

Javzmaa has been working part-time in a local market as a saleswoman since she was a student. She has gained experience of how to manage a clothing retail business. Now she is planning to operate a clothing retail business herself in a local market. She is requesting 1,135,000 MNT to purchase starting inventory for her business. She is a responsible, diligent and honest person.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Javzmaa to purchase starting inventory for her new clothing retail business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 25, 2012
Nov 21, 2012
Currency Exchange Loss:
Nov 17, 2014