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Davaahuu T. is 22 years old and lives with his wife and one-year-old son in Uvs Province, one of Mongolia's western provinces. Davaahuu has a small business with his wife. He runs a small shoe repair shop in the town. His shop is located inside the local black market and that is why they are usually busy with customers' orders. In addition to shoe repair, Davaahuu and his wife would like to make traditional warm shoes for cold weather. They see a high demand for cheap, warm shoes and Davaahuu's wife knows how to make such traditional winter shoes. Davaahuu would one day like to have a small family-owned shoe factory in which they could make various traditional shoes.

He has requested a loan to purchase raw materials needed for shoe making.

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
  • 1,427.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Davaahuu to purchase raw materials for shoe making.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Dec 15, 2009
Dec 22, 2009
Currency Exchange Loss:
Nov 15, 2010