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Gantumur is 41 years old and lives with her husband and two children in a ger (yurt) in the Dornod province of Mongolia. Her husband is a plumber. Both of her children attend school with her eldest child in college. She started her grocery retail business in 1997 by renting a counter in a market. She is a respected businesswoman in the market. Over the years, she has gained many regular customers and trusted suppliers. Her business income has been relatively the same ever since she started her business. She expanded her business by renting one more counter in the market. However, she is lacking supplies to run the counter. Therefore, she is requesting 1,000,000 MNT to buy supplies. She is a sharp and diligent woman who says, "Things are getting pretty tight since my son joined college. I have to [do] everything I can in order to support my child."

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
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,338.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Gantumur to buy supplies for her grocery counter in the market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 24, 2011
Dec 2, 2011
Currency Exchange Loss:
Dec 15, 2012