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Odsuren
B. is 46 years old and lives with her husband and two daughters, ages 17 and 12, in the Arkhangai province of Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic tent, and both her daughters go to a local high school. Her husband operates a taxi service in their town while B. operates a retail food business. She cooks the food in the family’s ger and delivers it all over town to markets and office buildings.



B.'s working capital now exceeds 450,000 tugrug (~316 USD) and she has established a loyal customer following because of her delicious, quality meals. B. is requesting a 900,000 tugrug (~630 USD) loan so that she can purchase food supplies and a new stove 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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,440.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Odsuren to purchase food supplies and a new stove for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2009
Listed
Oct 20, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010