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Munhtuya is 33 years old and lives with her husband and twin sons in a ger (Mongolian yurt), in Ulaanbaatar, the capital of Mongolia. Her husband works in a leather factory and her sons study in school.

Munhtuya started her grocery retail business in 2008 by renting a counter in the market. Now that major market is opening in a new area, and Munhtuya rented a counter there. Therefore, she needs a supply to run the place. She is requesting 3,000,000 MNT to buy more grocery products.

Munhtuya is a sharp and diligent woman who says "The new market is in highly crowded place therefore I believe it will pay off."

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Munhtuya to buy more grocery products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 20, 2011
Nov 19, 2011
Currency Exchange Loss:
Aug 17, 2013