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Darisuren, 48, is married and lives with her husband and two sons in Ulaanbaatar, Mongolia. They live in a ger, a nomadic tent, on a small plot of land that was loaned to them by the government. She wants to own her own land and build a house where they can have a comfortable life.

Darisuren has made felt-related crafts since 2008, after attending a vocational school. As an experienced tailor, her business is stable and she has many customers. She is a hard worker with a lot of initiative. Darisuren wants to expand her business and is requesting a loan of 1,350,000 MNT to purchase more felt and other materials.

Her husband has worked as a school janitor since 2009. Her older son is employed by a beverage company and her younger son attends school.

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
  • 1,247.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Darisuren to purchase more felt and useful materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 31, 2011
Feb 28, 2011
Currency Exchange Loss:
Mar 18, 2012