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Battsetseg, 49, is a widow living with her three sons in a house in the Baganuur district of Ulaanbaatar, the capital city of Mongolia. She manages a grocery trading business in her town, which she began six months ago. Even within this short period of time, she has been able to manage her store successfully. She is a polite woman who is planning to expand her business. She says, "I want to increase my business sales." She is requesting a 600,000 MNT loan to purchase more goods for her store.

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
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,232.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Battsetseg to purchase more goods for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 31, 2011
Jun 7, 2011
Currency Exchange Loss:
Jun 20, 2012