Check out some available loans that are similar to this one!
Urantogs B. lives with her husband and two teenage children in Ulaanbaatar, the capital city of Mongolia. Her two children are both high school students. Her husband is a cab driver in the city. Urantogs has a small retail business selling women's clothing. Once, sometimes twice, a month she travels to Ereen, a Chinese a border town, and purchases women's clothing for her business.

Urantogs rents a small stall in the Narantuul market, the largest outdoor market in Ulaanbaatar, and sells her imported clothing at the stall. Her family lives in Ulaanbaatar's ger district, where most of the residents live in traditional felt-walled yurts which do not have running water. She hopes one day to be able to afford to live in an apartment with hot running water.

Urantogs says that she is working hard to make her dreams come true. She requests a loan to purchase more clothing from Ereen for her 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    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 Urantugs to purchase clothing from Ereen, China.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 22, 2009
May 12, 2009
Currency Exchange Loss:
Dec 15, 2009