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Sarantuya
Sarantuya, 33, is married and lives with her husband, father-in-law and two children in their own ger, a traditional nomadic housing tent, in Ulaanbaatar, the capital city of Mongolia. Her husband works as a mechanic for the military base, her children attend a kindergarten, and her father-in-law helps to take care of the children.

She began her clothing business in 2008 from a rented stall in a crowded shopping center. As her business expanded, she opened a second stall at another location in the same shopping center. Her daily average sales are between $41 and $82, and her working capital is now 1,000,000 MNT. Sarantuya is an open-minded and hardworking businesswoman. She is planning to buy a car that would be helpful in her business.

She is requesting a loan of 1,000,000 MNT to purchase a wider variety of goods in order to expand her business.

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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,245.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Sarantuya to purchase a wider variety of goods.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2011
Listed
Jan 25, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012