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Ariunaa is 31 years old and lives with her husband and four children in a ger, a Mongolian yurt, in the Suhbaatar province of Mongolia. Her younger two sons attend secondary school and the older one works as a guard. She manages a brick manufacturing business with the help of her family. She started her business in 2009 and gained much experience. She is planning to buy a brick-producing machine in order to expand her business operation. Her products are well known among her customers. People use the bricks to build houses and storage etc. She is a hardworking lady who says, "I am planning to buy construction materials with my earning in order to build a house next year." She is requesting a 3,300,000 MNT loan to purchase more bricks and materials 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,249.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Ariunaa to purchase more bricks and materials.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 28, 2011
Jul 31, 2011
Currency Exchange Loss:
Aug 16, 2012