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Altantuya
Altantuya S. is 30 years old and lives with her husband and three children in a rented house in Tuv province in central Mongolia. Her older son attends a local secondary school. Her youngest daughter is at home.

Her husband has a small truck and he carries people's loads, using his truck to support his family. From 1999 to 2006, the family lived in the countryside as a nomadic lifestyle. Since 2006, after moving from the countryside to the central city of Tuv province, they brought their milking cows to sell milk and yogurts. She has many permanent customers.

She is a very generous and open-minded person. She says, "I plan to increase the number of cows and establish a cow farming." She is requesting a 2,500,000 Mongolian tugriks (MNT) loan to purchase two cows at 1,500,000 MNT as well as 1,000,000 MNT for fodder for her livestock.

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
  • 14
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,301.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Altantuya to purchase two cows and fodder for her livestock.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2010
Listed
Aug 31, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2011