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Tsog T. has been running a butcher stall in the local food market since 1998. He usually purchases beef from the wholesale markets in Ulaanbaatar and packages the meat in smaller portions for individual sale. He has more than ten years of experience in the business and his butcher stall is distinguished from other retailers in that he uses hygienic plastic packages for his meat retail.

Tsog lives with his wife and his infant child in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. Tsog remarried three years ago. His wife is currently attending university. Tsog would like to work with his wife, once she is done school, and open another butcher shop. Tsog requests a loan to purchase more meat from the wholesale markets for his 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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,413.4
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Tsog to purchase meat from the wholesale markets.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 7, 2009
May 24, 2009
Currency Exchange Loss:
May 21, 2011