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Togtohjargal T. is 39 years old and lives with her husband and four children in the Uvs province of western Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic tent. All of her children attend a local middle school while her husband helps with her shoe-making business.

Togtohjargal has been making shoes for many years now; initially, she began the shoe-making business in 1990 and since then, she has been gaining a lot of experience. Her shoes are known and valued by her customers for their quality and design. She employs three people and has purchased a new car and built a bigger workplace with her business revenues.

Togtohjargal would eventually like to expand her little shoe-making shop into a factory employing several people. She is requesting a 3,000,000 Mongolian Tugriks loan to purchase materials such as glue, leather, rubber and tools for her shoe-making 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,368.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Togtohjargal to purchase materials such as glue, leather, rubber and tools.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 24, 2010
Jun 30, 2010
Currency Exchange Loss:
Dec 20, 2011