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Uranchimeg is 29 years old and lives with her husband and son in a ger (Mongolian yurt) in Zavhan, Mongolia. Her husband sells firewood and coal, and her son is a kindergarden student. She started her mongolian traditional boot making business in 2008. She learned to make shoes from her father and her shoes are stylish and the quality is excellent. Over the years, she has become a trusted supplier to many. Due to a lack of equipment and raw materials, Uranchimeg is not meeting her customer's demands. Therefore, she is requesting 3,500,000 MNT to buy equipment. She is a sharp and hardworking woman who says, "I am happy that I can continue my father's work. I think my business has a bright future and I'll do everything I can to make that possible".

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
  • 1,317.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Uranchimeg to buy equipment for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 31, 2011
Nov 28, 2011
Currency Exchange Loss:
Jul 17, 2012