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Sarantuya, 48 years old, lives with her husband and three children in a ger in the Mongolian province of Huvsgul. Her 49-year-old husband Tserendash operates a taxi service business in town, while her son Batmonh, age 26, and daughter Battsetseg, age 22, work at local companies. Her 19-year-old daughter Monhtsetseg is a university student.

Sarantuya has been working at a local company since 2006, but is now planning to start her own tailoring service at home. She is therefore requesting a loan of 3,000,000MNT to purchase starting inventory and equipment for the business. Sarantuya is a hardworking, enthusiastic and modest 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
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,150 helped Sarantuya to purchase initial inventory and equipment to start her own tailoring service business.
86% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Mar 27, 2013
Apr 18, 2013
Currency Exchange Loss:
Jun 12, 2015