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Mr. Gansuh is 33 years old and lives alone in Ger in Bulgan Province of Mongolia. His parents live in the countryside breeding their livestock. This borrower has a hearing disability and graduated from a special training school. He used to live with his parents in the countryside and has just moved to the province's center. He is now planning to start his own cobbler service business at home.

Mr.Gansuh is now requesting 500,000 tugriks to purchase inventory and tools to start his own cobbler service business at home. He is a hardworking, kind and diligent man.

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.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,380.3
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Gansuh to purchase inventory and tools to start his own cobbler service at home.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 30, 2012
Jan 28, 2013
Currency Exchange Loss:
Aug 17, 2013