A loan of $2,475 helped to import electronic appliances and ger materials from China.


Sharavjamst's story

O. is 42 years old and lives with her husband and three children in the Bayanhongor province of Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic tent. Her son, 19, attends university; her oldest daughter, 17, attends a local secondary school; and her youngest daughter, 4, attends a local kindergarten. Her husband works as a miner during the summer months and helps O. with her business during the winter months.

O. operates an electronic appliances business in a shipping container in the local market. She began her business in 2006 with working capital of 6,000,000 tugrugs (about $4,200) and over the years, her business has grown. It now has a working capital of 10,000,000 tugrugs ( about $7,000). She also operates a second business at night making ger covers. With her business success, she has managed to buy a car for her family and hopes to continue paying her children’s tuition fees in order to give them a brighter future. O. is requesting a 3,500,000 tugrug loan in order to import electronic appliances and ger materials from China.

XacBank was founded in 2001, and listed its first loan on Kiva in January 2009. It is the largest micro-finance organization in Mongolia, but also has mainstream commercial operations. XacBank has the vision, scale and innovation to develop and implement new solutions to poverty. It is currently utilizing Kiva’s 0% lending interest rate to return 9% of interest paid from borrowers to them in the form of a savings account at the end of their loans. This not only allows borrowers to gain financially, but also encourages them to save.

To get regular updates from XacBank, please join our lending team.

To lend to more Mongolian borrowers, please click here.



Loan details


Lenders and lending teams



Loan details