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Mr. Tsedendamba is 52 years old and lives with his wife and a daughter in a ger in the Bayanhongor province of Mongolia. His wife, Buyantsetseg, herds livestock in the countryside. His daughter, Tsetsegdelger, is 25 years old and works as a saleswoman in his retail clothing store in a rental stall at a local market.

Tsedendamba has been running his retail clothing business with his daughter since 2010. They already have regular clients and are now requesting a loan of 2,000,000 MNT to purchase seasonal clothes from China to sell from their rental stall. Tsedendamba and his daughter are hardworking and enthusiastic people.

Additional Information

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,448,550
    Funds lent in using Kiva
  • 1,437.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Tsedendamba to purchase seasonal clothes from China to sell from their rental stall.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
May 21, 2013
Jun 26, 2013
Currency Exchange Loss:
Jun 12, 2015