A loan of $1,250 helped to purchase more animal skin.


Davaahuu's story

Davaahuu N. is 44 years old and the mother of two girls and two boys. She currently lives with her husband and four children in Hovd province, one of Mongolia's western provinces. Her two oldest children are 22 and 21 years old, and they currently pursue their small businesses. The 18-year-old daughter is a university student in Ulaanbaatar, the capital city of Mongolia, and the youngest child is a 14-year-old daughter who is a secondary school student.

Davaahuu sells various animal skins and hides at the local black market. She purchases sheep, goat, and cattle skins and hides from herder families in the countryside and sell them at the market at a premium. She has been in the business since 1998. Last year, her business was affected by the price drop in the commodities market due to the economic crisis in Mongolia. She says that the business is starting to pick up and the demand for commodities is slowing recovering. Thus, she requests a loan to purchase more animal skins for her business.

About XacBank

XacBank was founded in 2001 and listed its first loan on Kiva in January 2009. It is the largest microfinance 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