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Mrs. Erdenebileg is 47 years old and lives with her husband and 2 sons in a small house in the Uvs province of Mongolia. Her husband, Regzen, and sons, Uuganbayar and Baigalhuu, provide inter-city transportation services.

Erdenebileg started her business in the local market in 1990. She has been doing various types of businesses and is now starting a retail construction supplies business in a rental stall of a local market. She is now requesting a loan of 4,000,000 MNT to purchase starting inventory for her new business.

She is a hardworking and open-minded woman who says, "Recently, a lot of construction companies are building new apartment buildings and office buildings in town, so a retail construction supplies business will be successful in the long run."

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
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Erdenebileg to purchase starting inventory for her construction supplies business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 26, 2013
Currency Exchange Loss:
Nov 17, 2013