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Mrs. Zultsetseg is 26 years old. She lives with her husband and three children in a ger (traditional housing) in the Arhangai province of Mongolia.

Her husband, Galbadrah, 30, works part-time in a private company as an assistant worker. Her two sons, Byambadorj and Batdorj, ages 4 and 3, go to kindergarten, and her daughter, Battsetseg, 9 months old, stays home with Zultsetseg’s parents, who take care of the baby during the day.

Zultsetseg has been working as a saleswoman in clothes, optical and grocery stores for years, and now she is planning to start her own business of clothes retail in the local market. Since their family now has two toddlers and one newborn, their family expenses have increased. She is asking for 1,000,000 MNT to import clothes for her newly starting clothes retail business in the local market.

Zultsetseg is a communicative, friendly, and hardworking person.

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 $725 helped Zultsetseg to import clothes for her newly starting clothes retail business in the local market.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 5, 2012
Nov 27, 2012
Currency Exchange Loss:
Jan 17, 2014