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Anhtuya is 38 years old and lives with her husband and 2 sons in a house in the Orhon province of Mongolia. Her husband Olziitegsh, age 40, runs a transportation service. Her sons Gurbazar, age 18, and Sugar, age 8, go to local schools.

Anhtuya has been working in various fields and now she is starting her own business running a spare parts sales business in a rental place. She is a hardworking, modest, and optimistic woman. She has experience in retail and her husband knows a lot about vehicles and spare parts. She is now requesting 6,000,000 MNT to purchase inventory and run her new spare parts retail business successfully.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,394.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $4,325 helped Anhtuya to purchase inventory and run her new spare parts retail business successfully.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 12, 2013
Mar 15, 2013
Currency Exchange Loss:
Aug 17, 2013