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Chantsal
T. Chantsal is a widow and lives with her three children in Uvurhanghay, one of Mongolia's southern provinces. Her two daughters both study in a local college and secondary school.

Chantsal moved from the Selenge province with her family in 2006 after her husband's death. Since the move, she has been running a small business selling clothes. In 2008, she rented a small stall in the local clothing market and started selling women’s and men's clothing.

Chantsal usually purchases clothing from Ereen, a Chinese border town from which many products are imported. She travels to Ereen to buy her inventory once or twice a month, depending on her sales volume.

Chantsal’s hope is to see her daughters finish college without any financial strain. She has always dreamed of making her own clothes instead of reselling others’. She requests a loan to purchase more clothing from Ereen, China.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Chantsal to purchase more clothing from Ereen, China to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2009
Listed
May 12, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010