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Soninhuu D. is 31 years old and lives with her husband and two children in Huvsgul Province, Mongolia. She and her family all live together in a ger, a traditional Mongolian nomadic tent. Her sons attend secondary school while her husband works as a carpenter in their town. Her husband produces a variety of wood products and has built a stable operation with many loyal customers.

Soninhuu has been operating a grocery business since 2007, and since then her business has reached a stable level. She would like to expand the business and one day purchase her own wood pavilion at the local market. Soninhuu is a modest and hardworking woman and is requesting a 3,300,000 MNT loan to purchase more inventory for her growing grocery business in order to increase her working capital.

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
  • $15,398,050
    Funds lent in using Kiva
  • 1,283.0
    Mongolia Tugriks (MNT) = $1 USD