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Tumenjargal, 45, is married and lives with her husband and two children in the Suhbaatar district of Ulaanbaatar, the capital of Mongolia. Her husband works as a driver for a company and her younger son attends a local secondary school. They have a decent standard of living.

Tumenjargal operates a grocery trading business. Tumenjargal began selling meat products, such as smoked sausage and smoked pork, vegetables and other products at a stall in the local market in 2008. She wants to expand her business and operate additional stalls in the future. She is a hardworking and polite person who says, " I like my business and want to expand it in the future." She is requesting a loan of 3,000,000 MNT to purchase more meat for 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

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,249.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Tumenjarga to purchase more meat.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 28, 2011
Feb 15, 2011
Currency Exchange Loss:
Jan 18, 2012