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Mr. Jambaldorj is 56 years old lives with his wife and a son in a ger, a traditional nomadic tent, in the Uvs province of Mongolia. His wife Serjmaa is retired, stays home taking care of her husband and son and runs a small food booth on their plot of land. His son Otgonhuu is 23, has graduated and is currently looking for job while helping his parents.

Jambaldorj has been working at a local shoe manufacturing company since 2005. He is starting to produce leather shoes to sell to local customers on his own. He has years of experience, and is now requesting 5,000,000 MNT to purchase a starting inventory to start a shoe manufacturing business.

He is a hardworking, modest and responsible 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
  • 1,559.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,225 helped Jambaldorj to purchase starting inventory for a shoe manufacturing business.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Aug 28, 2013
Currency Exchange Loss:
Jan 6, 2016