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Ulziiburen S. is 37 years old and lives with her husband and two sons in her sister's house in Ulaanbaatar, the capital city of Mongolia. Both of her sons attend a secondary school, while her husband operates a meat trading business after having sold their house. Ulziiburen operates both a dairy products and a newspaper trading business in a rented stall at the grocery shop next to the bus station of Bayanzurh district.

In 2000, after moving from the countryside, she started her business by selling a variety of goods in Narantuul, Ulaanbaatar's largest and main market. After many years of operation, she has built a stable and successful operation. For the future, Ulziiburen plans to have her own grocery shop. A modest and open-minded person who says, “All I want is to have our own apartment where my family can live in a comfortable space, ” she is requesting a 3,000,000 MNT loan in order to purchase more dairy products and fruits to sell at her stall for profit.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,202.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ulziiburen to purchase more dairy products and fruits to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 8, 2010
Dec 14, 2010
Currency Exchange Loss:
Jan 15, 2013