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Tungalagtuul
Tungalagtuul is 41 years old and lives with her husband and two children in the Arkhangai province of Mongolia. She and her family live in a ger, a traditional Mongolian nomadic tent. Her two children, 13 and 7, both attend local schools while Tungalagtuul and her husband operate a clothes-making business in their town. She began her business in 2005 with working capital of 1,000,000 tugrugs (~$700 US) and after four years in operation, she has gained a lot of experience and many customers. Her working capital now exceeds 2,000,000 tugrugs (~$1400 US). She says, “I want to keep expanding and improving my business in the future.” She is requesting a 1,500,000 tugrug (~$1050 US) loan in order to purchase fabric and materials 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

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,430.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Tungalagtuul to purchase fabric and materials.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2009
Listed
Dec 18, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010