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Handsuren N. is 39 years old and lives with her husband and three children in Arkhangai province in central Mongolia. She and her family live in a ger, a traditional Mongolian nomadic tent. Her two older children are university students and her youngest daughter attends a local secondary school. Her husband is a driver and operates a taxi service in their town.

N. manages a clothing business in her town. She sells a variety of clothing items that are imported from China. N. started her clothing business in 1999 with capital of 20,000 tugrugs (~14 USD). At first she only sold second-hand clothes, but after growing her business over the years, her success has enabled her to purchase and sell new clothes.

Today, her working capital exceeds 2,000,000 tugrugs (~1400 USD) For the future, N. hopes to continue to grow her business and says, "I hope to one day own my own workplace." She is requesting a 1,700,000 tugrug (~1200 USD) loan to purchase more clothes in order to expand her business.

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
  • 1,425.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Handsuren to purchase more clothes in order to expand her business.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Oct 2, 2009
Oct 16, 2009
Currency Exchange Loss:
Sep 16, 2011