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Mrs.Tserenpil is 52 years old, divorced, and lives with her son in a ger (Mongolia Yurt) in Arkhangai province, Mongolia. Her son Erdenebayar is now 25 years old. She has run a clothing retail business for 13 years. Her selection of clothes is high fashion and affordable. Over the years, she has gained many reliable, regular suppliers and customers. Her monthly income is between 580,000 and 650,000 MNT. Recently, she bought a new ger with her income.

She is a sharp and hardworking woman who says, "Now that the Mongolian holiday season is approaching, I have to meet the growing number of demands. It is my golden opportunity". She is requesting 2,000,000 MNT to buy seasonal clothing inventories to sell at her rental counter.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,742.2
    Mongolia Tugriks (MNT) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,150 helped Tserenpil to buy seasonal clothing inventories to sell at her rental counter.
46% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Feb 13, 2014
Feb 20, 2014
Currency Exchange Loss: