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Mrs. Shurbat is 60 years old and lives with her niece in a small house in the Selenge province, Mongolia. Her niece, Egchiglen, is 10 years old and is a second level school student. Mrs. Shurbat's husband is deceased. She started to repair shoes in the Gurvan Mergid market in 1973. She has collected much business and work experience in her field. She is a hardworking and honest person. She is requesting a 1,000,000 MNT loan to purchase more raw materials for her business.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,362.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Shurbat to purchase more raw materials for her business.
93% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 13, 2012
Aug 27, 2012
Currency Exchange Loss:
Apr 16, 2014