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Kulash A. is a 46-year-old widow who lives in a ger, a traditional Mongolian nomadic tent, with her three children in Bayan-Ulgiy Province of Mongolia. Her eldest son helps with his mother's business, while the younger two children are students. Kulash's husband passed away three years ago, and she has been trying her best to support her family.

Kulash began her consumer goods retailing business in 2004 and after a successful business operation she managed to start a billiards service out of the market in her town. A kind and creative woman planning to expand her business, she works hard every single day. Kulash is now requesting a 1,000,000 MNT loan to purchase more billiard tables 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
  • 1,303.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Kulash to purchase more billiard tables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 18, 2010
Aug 21, 2010
Currency Exchange Loss:
Nov 19, 2011