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Havinesh is 47 years old and lives with her husband and four children in Bayan-Ulgii province, Mongolia. She and her family live together in a ger, the Mongolian nomadic tent. Her husband, Ihlas, is 38 years old and operates a transportation business. They have been living together in their current home for 20 years.

Currently, Havinesh operates a meat trading business at a local market called Tirlih. She has been operating her business since 2000, and it has steadily expanded. She started her business with working capital of 20,000 tugrugs (~15 USD). After years of successful operations, she has increased her working capital. Havinesh is an open-minded person and has many plans for the future. She says, “I would like to expand my business and to purchase my own house and shop in the future.” She is requesting a loan of 1,000,000 tugrugs (~705 USD) to purchase a large amount of meat for her 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
  • 1,367.5
    Mongolia Tugriks (MNT) = $1 USD