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Artsaddulam C., age 40, lives with her family in a traditional housing tent called a 'ger' in Uvurhangai province, Mongolia. Their living conditions are good. She started her business career making shoes. Her husband is a driver and has been transporting raw materials from other sub-provinces.

Artsaddulam is an easy-going, friendly, and precise woman. She says, “We would like to complete our house by this autumn and my dream is to have my own workplace.” She is requesting a 2,000,000 MNT loan to purchase raw materials and complete her house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,386.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Arstaddulam to purchase raw materials and complete her house.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 20, 2010
Jun 9, 2010
Currency Exchange Loss:
May 21, 2011