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Munh-Ochir J. is 33 years old and lives with her husband and two children in Ulaanbaatar, the capital city of Mongolia. Her two children both go to a local kindergarten.

Munh-Ochir has a small business selling a variety of small goods. She rents a small stall at the Narantuul market, the largest outdoor market in Ulaanbaatar, and sells various convenience products, including toilet paper, hygienic tissues, Scotch tape, batteries, etc. She has been a saleswoman at the market since 2000 and has gained significant experience in small retail. She mostly purchases the products from Ereen, China, a border town where many of cheap Chinese products are imported from. She dreams of owning a small nice house for her family. She says that it would be nice to live with her family in a comfortable house, especially during the cold winter.

She requests a loan to purchase more products for this business.

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
  • 1,430.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Munh-Ochir to purchase more products to sell.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 10, 2009
Dec 18, 2009
Currency Exchange Loss:
Feb 16, 2011