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Legjiimaa B. is 37 years old and lives with her husband and four children in the Selenge province of Mongolia. She and her family live together in their own apartment. All four children attend a local school. Legjiimaa and her husband operate a grocery sales business in their town, selling a variety of food products out of an outdoor stall at the local market. The stall is located in a popular spot that attracts many customers.

Legjiimaa started her business in 1992 and has since built a stable operation. Over many years, she has gained much experience in her trade and her earnings have enabled her to greatly improve her family's standard of living. Legjiimaa is a responsible and hardworking person and says, "Since I started to obtain loans from Xac Bank, my family's standard of living has improved; therefore, I really thank Xac Bank for supporting my business." She is requesting an 800,000 MNT loan in order to purchase a large amount of groceries (baked goods) to sell for upcoming big holidays and celebrations.

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 $650 helped Legjiimaa to purchase a large amount of groceries.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 21, 2010
Jan 4, 2011
Currency Exchange Loss:
Oct 19, 2011