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Lhamsuren P. lives with her husband and three children in Arhanghay, one of Mongolia's central provinces. Two of her children are still students in a local high school and their only daughter is unemployed and stays home.

Lhamsuren has a small retail business selling dairy products. She buys the dairy products, such as milk, cheese and yogurt, from wholesalers in the countryside and resells them for a profit by going door to door in the family car. Since she started her business in 2000, her working capital has increased from 220,000 MNT ($1 USD=1,400 MNT) to 2,000,000 MNT. She has gained significant experience in this type of business. In the future, she would like to have her own shop with a more diverse selection of dairy products.

She is requesting a loan to purchase more dairy products to increase her inventory.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,382.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Lhamsuren to purchase more dairy products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 26, 2009
Apr 8, 2009
Currency Exchange Loss:
Apr 15, 2010