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Rentsen T. is 32 years old and lives with his wife and two young children in the Hovd province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His wife stays home and takes care of their children. Rentsen operates a photo and color printing business in the local community. He has been engaged in his business for three years and has gained much experience and a good reputation among his customers. He is requesting a 600,000 MNT loan in order to purchase a new photo printing machine 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
  • 1,327.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Rentsen to purchase a new photo printing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 20, 2010
Sep 30, 2010
Currency Exchange Loss:
May 21, 2011