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Mrs. Altantuul is 38 years old and lives with her husband and her three children in an apartment in Niseh district, Mongolia. Her husband, Bold-Erdene, is 38 years old. His profession is a welder. Her three children, Bat-Orgil, Dulguunmurun and Narmandah, are secondary school students.

Mrs. Altantuul has worked as a knitter in a cashmere company for 8 years. She has excellent experience in this industry. She is planning to start her own knitwear business. She is an honest and open-minded person. She needs 3,500,000 MNT to buy equipment for her business.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Altantuul to buy equipment for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 14, 2012
Oct 12, 2012
Currency Exchange Loss:
Oct 17, 2014