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Update on Avish

Mrs. Avish is a 51-year-old widow who lives with her 3 daughters in a small house in the Bayan-Ulgii province of Mongolia. Her husband passed away a few months ago. Her older daughter, Anargul, age 23, works in a local company, daughter Kumisgul, age 21, studies in university and youngest daughter, Ardah, age 13, goes to a local school.

Avish has been running various businesses for the last 10 years. She has temporarily stopped her shoe manufacturing business for the last few months because of her husband passing away. She is now requesting 800,000 MNT to purchase inventory to restart her own handcraft business. She is a clever, hardworking and welcoming woman.

Previous Loan Details

H. is 50 years old and lives with her husband and three daughters in a house in Bayan-Ulgii province, Mongolia. Her older two daughters are students and the younger one attends a local secondary school. H. manages a shoemaking business in her town. She started her business in 2003 after work... More from Avish's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Avish to purchase inventory to restart her own handcraft business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Jan 17, 2013
Currency Exchange Loss:
Nov 17, 2014