A loan of $1,400 helped to purchase more undergarments to sell at her clothing store.


Ochirbat's story

Ochirbat O. is 25 years old and lives with her parents in a house in the Bayanzurkh district of Ulaanbaatar, the largest city and capital of Mongolia. She operates a clothing trading business, primarily selling undergarments, in the city. She started her business in 2009 and has quickly built a stable operation. She works very hard and is gaining valuable business experience everyday. O. hopes continued growth will allow her to expand her operation in the future.



She is a very passionate person who is very eager to succeed in life. She says, "I hope to have my own shop in the future." She is requesting a 2,000,000 tugrug (~1400 USD) loan to purchase more undergarments to sell at her clothing store.



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: http://www.kiva.org/team/xacbank_mongolia

To lend to more Mongolian borrowers, please click here:http://www.kiva.org/app.php?page=businesses&queryString=Mongolia&status=fundRaising&gender=All§ors[]=All®ions[]=All&sortBy=Expiring+Soon



Loan details


Lenders and lending teams



Loan details