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Altantuya is 32 years old and lives with her husband and two children in a ger in the Arhangai province of Mongolia. Her husband's name is Munhbayar, and he is 32 years old. He works at a gas station. Her older daughter goes to secondary school, and her younger daughter goes to a kindergarden. They are ages 7 and 2 respectively.

Altantuya started a meat trading business in 2011 with a working capital of 1,500,000 MNT. Now, her working capital has grown up to 2,800,000 MNT. She is hardworking and quiet-natured. She is asking for 2,500,000 MNT to purchase a house.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,342.5
    Mongolia Tugriks (MNT) = $1 USD