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Anhmaa is 23 years old lives with her husband and daughter in a ger in the Zavhan province of Mongolia. Her husband, Uuganjargal, is 25 and runs a taxi service in town. Her daughter Goomaral goes to a local kindergarten. Anhmaa has been working as a saleswoman in the local market since 2010. She has built a close relationship with her customers and suppliers over the years and she is now planning to start her own retail clothing business at a rental counter in the local market.

Anhmaa is now requesting a loan of 6,500,000 MNT to purchase start-up inventory for her newly started clothing sales business. She is a hardworking, honest, and welcoming 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
  • 6
    View loans »
    Mongolia Loans Fundraising
  • $15,432,150
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,675 helped Anhmaa to purchase start-up inventory for her newly started clothing sales business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 16, 2013
Apr 18, 2013
Currency Exchange Loss:
Oct 2, 2014