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Surenhuu
Surenhuu is 43 years old and lives with her husband and children in a house in the province of Hovd, Mongolia. Her husband works at a construction site. She started her business in 1998 by selling flour. She has many years of working experience. With the profits she earned, she is paying her two children's college tuition fees. In the future, she plans to redecorate her house. She is requesting a 2,000,000 tugrik loan to purchase flour at wholesale prices.

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

  • $2,175
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,244.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Surenhuu to purchase flour at wholesale prices.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2011
Listed
Sep 7, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012