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Uranbileg is 45 years old and lives with her son in a ger (Mongolian yurt) in Uvurhangai province, Mongolia. Her son is a student. Uranbileg started running her food cart business in 2007. Her food cart is at a mining site. There are only a few food carts at the mining site; therefore, her business is very profitable. She was able to send her elder daughter to college with the business profit. Uranbileg is a sharp and hardworking woman who says, "Now that my youngest son is old enough to attend college, I have to make the best of my business." She is requesting a loan of 1,300,000 MNT to buy grocery products.

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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

  • $2,175
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,322.0
    Mongolia Tugriks (MNT) = $1 USD