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Altantsetseg J. is 51 years old and lives with her husband and three children in a traditional Mongolian nomadic housing tent (called a ger) in the Bayanhoshuu of Songinohairhan district of Ulaanbaatar, the capital city of Mongolia. Her three children all attend school and her husband operates a glass trading business to supplement his family's income.

Altantsatseg currently operates a clothing retail business out of a stall at the Uguuj trade center. She started her business in 2005 and has gained a lot of experience as a businesswoman. For the future, she hopes to expand her business further. She is requesting a 2,500,000 MNT loan to purchase more clothing items to sell for the upcoming New Year's holiday.

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
  • 1,247.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Altantsetseg to purchase more clothing items to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 8, 2010
Jan 4, 2011
Currency Exchange Loss:
Oct 19, 2011