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Altantsetseg
Altantsetseg Dayanjalvuu is a cell phone merchant who lives with her parents in the province of Arkhangai. She started the business in 2005. She was able to increase her working capital by 1.5 times due to her sustainable and profitable business. Her family's living condition have improved as a result of her success.



As well as selling cellphones for cash, she took a proactive approach to reach people who don't have cash readily by offering her products through bank loan. In the future, she wants to expand her business and open a grocery store. Altantsetseg is requesting a loan of 3,600,000 MNT to purchase cellphones from UB and Beijing.

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
  • 1,444.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Altantsetseg to purchase more mobile phones for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2009
Listed
Aug 17, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010