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Ulaanhad L. is a 44-year-old single mother who lives with her two sons in the Songino-Hairhan district of Ulaanbaatar, a capital of Mongolia. They are living in their own house with a fence. Her oldest son works in Korea and her youngest son is a university student.

At first, Ulaanhad operated a grocery-products business in her own grocery store from 2006 to 2009. Since August 2009, she has been selling only all kinds of prepared Korean pasta. She has found success with her business in a short period and her income is a 65,000 Mongolian tugriks (MNT) a day or 380,000 MNT a month.

Ulaanhad is requesting a 1,500,000 MNT loan to provide heat in her workplace.

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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Ulaanhad to provide heat in her workplace.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 22, 2010
Jan 1, 2011
Currency Exchange Loss:
Oct 19, 2011