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Tungalag is a 40-year-old single mother who lives with her 3-year-old daughter in a ger (traditional nomadic yurt) in Uvs province, Mongolia. Her daughter Suvd goes to a local kindergarten.

Tungalag has been providing tailoring services in town since 2005. She used to run a small clothes retail booth at a local market. Since she needed to take care of her only daughter from her late birth, she decided to run her business at home that is located closer to a maternity hospital. She decided to produce maternity and baby clothes at home and sell to newborn babies and mothers.

Tungalag is now requesting a loan of 4,000,000 MNT to purchase inventories to produce maternity and baby clothing to sell at home. She is a hardworking, responsible, and trustworthy 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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,715.5
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,350 helped Tungalag to purchase inventories to produce maternity and baby clothing to sell at home.
86% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 28, 2013
Nov 28, 2013
Currency Exchange Loss: