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Munhbaatar lives with her mother in a ger, the traditional Mongolian yurt, in Uvurhangai province of Mongolia. Her mother is old and stays at home. She started her business in 2006 by renting a counter in a local market to sell commodities such as kitchen implements, toilet service, etc.

During the summer, she sells his goods across the countryside. She started her business from scratch and now she has her own home. She is very skilled and talented at her business. In the future, she is willing to expand her business. She is a skilled and experienced women who says, "I am very good at what I do and I want to expand my business." She is requesting 3,600,000 MNT to purchase more goods and to increase her assets.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD