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Sandagsuren R. is 47 years old and lives with her husband and three children in Tuv province in central Mongolia. She and her daughter live in a house and enclosure. Her oldest son works as a teacher, her younger two children both attend university and her husband is a herder. Sandagsuren operates a meat trading business in her town. She sells a variety of meats to her customers in a rented stall at the local market. Tsevelmaa started her business in 2002 and has since gained a lot of experience as a businesswoman. Her business currently operates at a stable level and her earnings have enabled her to not only pay her children's tuition fees but also to provide for her family. She is requesting a 2,500,000 MNT loan to purchase and preserve more meat in order to increase her sales so that she can continue to afford paying her children's tuition fees.

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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    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 Sandagsuren to purchase and preserve more meat.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 23, 2010
Jan 4, 2011
Currency Exchange Loss:
Nov 19, 2011