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Erdenechuluun P. is 38 years old and lives with her two children in an apartment in Hovd province, Mongolia. Both of her children attend a local school and her husband works and lives in Korea. Erdenechuluun operates a grocery trading business in her town. She sells a variety of food products out of her shop. She opened her grocery shop in 2005 after selling a variety of food products out of a container at the local market for several years.

Erdenechuluun is requesting a 3,000,000 MNT loan to purchase more grocery products to sell at her shop.

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
  • 1
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,227.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Erdenechuluun to purchase more grocery products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 16, 2010
Dec 8, 2010
Currency Exchange Loss:
Nov 15, 2012