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Gansuh D. lives with his wife and two daughters in Zavhan province, Mongolia. His two daughters, aged 17 and 19, live and study in university in Ulaanbaatar city, the capital of Mongolia. He operates a photo studio called "Mongol Photo." In his studio, customers have the chance to dress up in Mongolian traditional clothes while having their photos taken. He started his business in 2008 with a loan of 3,700,000 tugrugs (~2,595 USD) from XacBank, a Field Partner of Kiva, and has worked hard to build a stable operation. Gansuh has used his earnings to support his family and afford his two daughters' education. He is requesting a 4,000,000-tugrug loan to purchase Mongolian traditional clothes and some equipment for his 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
  • 1,437.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,800 helped Gansuh to purchase Mongolian traditional clothes and some equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 7, 2009
Jan 1, 2010
Currency Exchange Loss:
May 21, 2011