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Lhamsuren T. is a widow who has two children aged 13 and 14. Her family lives in a "ger" (nomadic housing tent) district on the plot of land she owns in Arhangay, one of Mongolian central provinces. Both her children are attending a local elementary school.

Since 2004, Lhamsuren has been running a retail business selling dairy products at a small rental stall in the local food market. As a result of her hard work, her working capital has increased from 100,000 tugrugs to 800,000 tugrugs. Her dairy sales income is the only income of her family.

Lhamsuren is an open minded, loyal, and a locally well-respected person. Her dream, is to have her own workplace. With this loan she will purchase more dairy products to increase her business 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
  • 1,417.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Lhamsuren to purchase more dairy products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 10, 2009
Sep 18, 2009
Currency Exchange Loss:
Sep 15, 2010