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Chuluundorj H. currently operates three separate businesses in her town with the help of her husband. Their businesses include coal trading, a cafe and a taxi service. H. spends most of her time managing the cafe during the day and drives a taxi in the evening. Her husband is responsible for managing the coal trading business.

H. is 35 years old and lives with her husband, son and daughter in Bayanhongor province in central Mongolia. Her family lives in a ger, a traditional Mongolian nomadic housing tent. Her son is a secondary school student and her daughter is in kindergarten.

H. and her husband started all of their businesses in 2004 after selling grocery items for the previous four years. They have found success in all three ventures and have a strong customer base throughout their community. For the future, the couple is planning to expand the building their cafe is in. H. is requesting a 1,600,000 tugrug (~$1120 US) loan to purchase coal to sell.

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
  • 1,434.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Chuluundorj to purchase coal to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 8, 2009
Oct 24, 2009
Currency Exchange Loss:
May 15, 2010