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Mrs. Haltar is 43 years old and lives with her husband and three children in the Govi-Altai province of Mongolia. Her husband Batbayar runs a taxi service in town. Her older son, Nyamjantsan, 20, is a university student, and her youngest son, Enhbayar, 15, attends a local secondary school. Her middle son, Nyambat, 17, stays home and requires constant care.

Mrs. Haltar has been staying home taking care of her son for years, and now she is planning to start her own business at home. She is requesting 800,000 MNT to purchase inventory to start a home tailoring business. Mrs. Haltar is a hardworking, caring, and diligent woman.

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
  • 1,377.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Haltar to purchase inventory for a home tailoring business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 31, 2012
Jan 30, 2013
Currency Exchange Loss:
Jan 17, 2014