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Ariunbold H. is 34 years old and lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. His daughter is 13 years old and goes to the 84th secondary school in the city, and his youngest son is just 2 years old and goes to a local kindergarten.

Ariunbold rents a stall at the Narantuul market, the largest outdoor market in Ulaanbaatar, and sells various seasonal clothes for women and men. He purchases most of the clothes from Ereen, China, a border town where many small vendors purchase clothes for retail sale. Because the new year and lunar calendar year celebrations are approaching, he would like to bring in gift-related products from China.

He says that he has been in this small retail business for more than ten years. It is what he is good at and is the main source of income for his family. He is requesting a loan to purchase more clothes from China.

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
  • 1,433.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Ariunbold to purchase more clothes from China.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 16, 2009
Jan 1, 2010
Currency Exchange Loss:
Dec 20, 2011