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Munhtur D., a 38-year-old widow, lives with her four children, who range in age from 10 and 19, in a ger, a traditional Mongolian nomadic tent home, in Baganuur, a district of Ulaanbaatar, Mongolia's capital city. Munhtur's husband passed away a year ago and she works hard to raise her children alone. Her oldest daughter attends university, while the other three children are students as well.

Munhtur sells adult and children's clothing in her community, a business she started recently after having operated a meat sales business in a rented stall for three years. Hoping to ensure the stable operation operation of her new business, she is requesting a 500,000 MNT loan to import winter boots from Erlian, China's border city.

A modest and hardworking person, Munhtur says, " My only wish is to provide a good educational background for all my children. "

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,278.9
    Mongolia Tugriks (MNT) = $1 USD