Check out some available loans that are similar to this one!
Munhtsetseg, 37 years old, lives with her child, mother and sibling in a ger, the Mongolian nomadic tent, in Govi-Altay Province, Mongolia. Munhtsetseg operates a clothing and consumer goods trading business in her town, selling a variety of men's and women's clothes as well as consumer goods at a local market called Shine-Altai. She started her business in 2000, at a rental counter with working capital of 250,000 tugrugs (~ 185 USD); today, however, as a result of a great deal of hard work and determination and help from her sibling, her working capital exceeds 2,500,000 tugrugs (~ 1830 USD). Munhtsetseg purchases the products and with her sibling sells them through two sales channels at the local market.

Munhtsetseg, an experienced trader who has many plans for the future, says, "I would like to expand my business and purchase my own shipping container for my business." She is now requesting a 2,300,000 tugrug (~ 1685 USD) loan to purchase a large amount of inventory including clothing and consumer goods because demand for her products is increasing.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,368.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Munhtsetseg to purchase inventory.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Mar 26, 2010
Apr 6, 2010
Currency Exchange Loss:
Oct 15, 2010