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Update on Lham-Erdene

Lham-Erdene is a 34-year-old woman who lives with her husband and two children in Bayanhongor province in Southern Mongolia. Her husband works as a fireman in the wintertime. She started her garment retailing business in 2005. She brings the supplies from China and trades them at her well positioned shop counter in the town. The business has been successful and has made many regular customers. Lham-Erdene is a diligent and smart woman who says, "I would like to develop the business activities by buying the garments in large quantities so that I could save the transportation expense to China and save it for the future". The total amount she is requesting is 2,000,000 MNT to buy more garments.

Previous Loan Details

Lham-Erdene S. is 33 years old, married, and has two children. They live in Bayanhongor province of Mongolia. They have a decent standard of living. Her husband works as a fireman for a company in the winter. They used to live in the countryside and came to live in the city in 2002. Lham-Erdene... More from Lham-Erdene's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,525 helped Lham-Erdene to buy more garments to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 26, 2012
Apr 11, 2012
Currency Exchange Loss:
Dec 15, 2012
This photo was used before for a previous loan for Lham-Erdene. It was first posted on Kiva on Mar, 2011. Learn More