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Lham
Lham A. lives with her husband in Arhanghay, one of Mongolia's central provinces. Lham is 61 years old and has retired with her husband. All her children have already grown up and live with their own families.


Since her retirement is not enough to cover her living expenses, she has started a small cafeteria/bar with the help of her children. She runs the small fast food cafeteria/bar in the town. It is quite common in Mongolia to have a small cafeteria and bar in the same place. During the mornings and afternoons the restaurant serves cafeteria style food and in the evenings it serves alcohol. Her restaurant/bar is located next to the town's sports center, and is usually full during sporting events.


She requests a loan to purchase ingredients and beverages for her cafeteria/bar 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Lham to purchase ingredients and beverages for her cafeteria/bar business.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2009
Listed
May 5, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009