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Munhtugs
Munhtugs T. is 33 years old and lives with her husband and infant daughter in their ger, a traditional Mongolian nomadic housing tent, in Zavhan province of Mongolia. Her husband, Narantungalag, operates an auto repair center in his town with the help of his father to supplement his family income. Munhtugs owns and operates a grocery store with the help of her mother. She began her business in 2006 with a small shop and since then she has managed to expand her shop into a supermarket, the only one in her town. Her supermarket is a self-service store offering a wide variety of food and household merchandise in the local community. Over years of successful operation, also her revenues and profits have risen and she has built a stable operation. She is a very hardworking and open minded person who wants to keep growing her business in the future. Munhtugs is requesting a 400,000 MNT (300 USD)loan in order to purchase a large amount of inventory from Ulaanbaatar, a capital city of Mongolia for her supermarket.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,334.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Munhtugs to purchase a large amount of inventory.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2010
Listed
Sep 17, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 24, 2011