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Altansuh C. lives with his wife and three children in a ger, a traditional Mongolian nomadic tent, in Arhangai Province in Mongolia. Altansuh operates a consumer goods retailing business which he began in 2005. He would like to grow his business and be able to save money so that he can improve his quality of life and be able to afford his children's education payments.

Hardworking and modest, Altansuh dreams of having his own clothing shop in his town and now is requesting a 2,500,000 MNT loan in order to purchase a variety of clothing at wholesale prices in Ereen, a border city of 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
  • 1,360.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Altansuh to purchase inventory.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jul 23, 2010
Jul 26, 2010
Currency Exchange Loss:
Jul 30, 2011