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Ariuntungalag
Ariuntungalag B. is a 37 years old and lives with her husband and teenage daughter in an apartment in Gobisumer, Mongolia. Her daughter attends a local high school and her husband is currently unemployed after working as a railroader in the railway station of Choir.

Ariuntungalag operates a cafe named "Ih Sansar" in her town. Ariuntungalag started her business in 2006 with the help of her sister, and since then has built a stable operation and has gained much experience as well. After years of successful operations, she has been saving money in order to purchase a car for her family. Moreover, she is now thinking about expanding further and plans to open a grocery shop which will be managed by her sister to have her own workplace. Ariuntungalag is a very honest, resolute and hardworking woman and is requesting a 1,000,000 MNT loan to purchase necessary equipment such as a refrigerator, freezer, etc., to start her grocery shop in order to expand her 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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,285.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Ariuntungalag to purchase necessary equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2011