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Lhagvadulam is a 36-year-old woman who lives with her husband and a son in Ulaanbaatar city, Mongolia. She makes beautiful traditional clothes and sells them at the biggest market center of the city. So far, she has been running the business at home. But as it grows bigger, she is planning to build a workplace and employ workers.

Lhagvadulam is a diligent woman who says, "I would like to develop the business activity by purchasing a new sewing machine and renting a workplace." The total amount she is requesting is 2,000,000 MNT to buy a sewing machine.

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
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Lhagvadulam to buy a sewing machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 13, 2012
Apr 22, 2012
Currency Exchange Loss:
Apr 16, 2014