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Update on Uranchimeg

Uranchimeg is 41 years old lives with her husband and daughter in a ger in Tosontsengel sum, Zavhan Province, Mongolia. Her husband Batbileg helps with his wife's shoe manufacturing business; he is also planning to purchase car to start providing taxi service within the area. Her daughter Goomaral, age 6, has just entered primary school this September. She has been operating her shoe manufacturing business since 2008. She is well-known and in high demand among clients within the area. She is now requesting 1,000,000 MNT to purchase inventory to produce seasonal winter boots to increase her sales volume and profit. She is a diligent and hardworking woman.

Previous Loan Details

Uranchimeg is 29 years old and lives with her husband and son in a ger (Mongolian yurt) in Zavhan, Mongolia. Her husband sells firewood and coal, and her son is a kindergarden student. She started her mongolian traditional boot making business in 2008. She learned to make shoes from her father an... More from Uranchimeg's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Mongolia

  • $5,900
    Average annual income
  • 7
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Uranchimeg to purchase materials to produce seasonal winter boots.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Nov 14, 2012
Dec 15, 2012
Currency Exchange Loss:
Aug 17, 2014