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Gantulga is 25 years old, and lives with his wife and daughter in a ger (Mongolian yurt) in Bayanhongor province, Mongolia. His wife is taking a kindergarden teacher training, and his daughter goes to the kindergarden. He started his meat retailing business in 2008. Now his meat products range has expanded and he sells flour as well. He is a sharp and hardworking man who says, "My goal is to support my family." He is requesting MNT 1,400,000 to buy meat before winter, when the price gets high.

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
  • 17
    View loans »
    Mongolia Loans Fundraising
  • $15,459,050
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Gantulga to buy meat before winter, when the price gets high.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 10, 2011
Nov 13, 2011
Currency Exchange Loss:
Mar 23, 2012