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Sanyazbek H. operates a grocery in his town. He started in the grocery business in 1999, selling goods in partnership with his older brother. The two built a stable operation and made much progress with their business. However, in 2006, H. used his earnings to start his own grocery. With his past experience and knowledge of the trade, he was quickly able to establish a good position in the local business community. H. purchases and transports his products from both Ulaanbaatar, the capital city of Mongolia, and China. He is always focused on the future and dreams of one day opening a grocery trading center. H. is requesting a 2,000,000 tugriks loan to import grocery products from China.

H. is 36 years old and lives with his parents, wife and two children in Bayan-Ulgiy province in western Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. Both his daughter and son, ages 14 and 9, attend a local secondary school.

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
  • 1,431.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Sanyazbek to import grocery products from China.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 19, 2009
Oct 27, 2009
Currency Exchange Loss:
Jun 15, 2010