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Chuluuntsetseg
U. Chuluuntsetseg is 29 years old and lives with her husband and son in Arkhangai province, Mongolia. She and her family live in a traditional Mongolian housing tent called a “ger”. Her son, Ganbold, is 5 years old, and is in kindergarten.


Chuluuntsetseg operates a clothing trading business in her town. She started her business in 2006 with working capital of 100,000 tugrugs (~70 USD) and has established her business well in the community over the last three years. She has gained great experience as a businesswoman and has built a loyal customer base. Today, her working capital exceeds 5,000,000 tugrugs (~3500 USD).


Chuluuntsetseg is very hardworking and attributes her success to her good accounting and excellent communication skills. She is optimistic about the future and says, “I am planning to soon expand my business to increase my sales." She is requesting a 3,500,000 tugrug (~2460 USD) loan to purchase clothing items to sell in 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,430.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Chuluuntsetseg to purchase clothing to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2009
Listed
Dec 18, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010