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Tuvshintungalag
Tuvshintungalag is 23 years old and lives with her daughter and husband in a ger, a Mongolian yurt, in Govisumber province of Mongolia. Her husband transports goods in the countryside and also brings goods from China. Her family just moved into a new ger. She started selling clothes after her sister provided her with start-up goods and money in 2009. She sells clothes at Baldanzasag market. Her husband supports and helps her business. She is planning to expand her business. Her family bought a 3.5 million MNT new car which eventually will be a taxi for her husband. She is a diligent woman who says "I want to expand my business and increase my family income with my new car and my business." She is requesting a 3,000,000 MNT loan to purchase spare parts for the car and buy clothes from China.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,239.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Tuvshintungalag to buy clothes from China.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Aug 30, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012