Check out some available loans that are similar to this one!
Erdenebileg is 45 years old and lives with her husband and three children in Baynhongor province, Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic housing tent. Erdenebileg operates a sewing business in her town. She started her business by herself in 2000 after operating a small cafe for the previous 10 years.

She has worked hard over the years to gain experience and build a loyal customer base. In 2005, she began operating a sewing workshop with three other sewers. Her business is very important to her and she attributes her success to her good communication skills. Erdenebileg is optimistic about the future and says, "I would like to expand my sewing workshop into a company in the future." She is requesting an 800,000 tugrug (~ 590 USD) loan to purchase more materials and fabrics for her sewing 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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,368.6
    Mongolia Tugriks (MNT) = $1 USD