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Mrs.Purevjav is 71 years old, and lives with her daughter in an apartment in the Selenge province of Mongolia. Her daughter, Gantuya, works at a local administration office as social worker.

Purevjav has been running her second-hand clothing retail business in a local market since 1996. She has lot of experience in clothing retail, and has built a strong relationship with suppliers and customers over the years.

She is now requesting 1'600'000MNT to purchase construction and insulation materials to renovate and insulate her apartment in order to stay warm during the cold Mongolian winters. She is a comparably enthusiastic, friendly and hardworking person.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,175 helped Purevjav to purchase construction and insulation materials to renovate and insulate her apartment, in order to stay warm during cold Mongolian winters.
86% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Dec 16, 2012
Jan 15, 2013
Currency Exchange Loss:
Sep 17, 2014