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Haltar N. is 47 years old and lives with her family in Hovd province, western Mongolia in their own ger, a traditional housing tent. Her oldest child currently attends university, another child goes to a local middle school and her husband works in Hovd University. Haltar began her business in 2000 and currently operates a clothing retail business out of a rented stall at the local market along with providing a veterinary service as a veterinarian. She has found success in her trade and has used her earnings to support her family and pay her son's tuition fees. In the future, she hopes to continue seeing her business succeed and grow. She is requesting a 3,500,000 MNT loan to purchase construction materials in order to complete their house building.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,360.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Haltar to purchase construction materials in order to complete their house building.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 21, 2010
Jul 27, 2010
Currency Exchange Loss:
May 21, 2011