Check out some available loans that are similar to this one!
Ulziit D. is 33 years old and lives with her husband and daughter in Uvs province, Mongolia. She works as a cook in a five-star restaurant to supplement her family's income. Ulziit and her family live in a ger, a traditional Mongolian nomadic tent. Her daughter, age 13, attends a local secondary school while her husband has been operating a meat trading business since 2003 to support the family. After years of success in the business, her husband was able to purchase a plot of land and fence for his family’s ger.

In 2008, in addition to his meat business, Ulziit’s husband decided to open a retail clothing business out of a rented stall at the local market. Using their business profits, they also purchased and own a small grocery shop next to their home. Her husband plans to continue operating his meat business during the winter when it is very profitable.

Since operating their businesses, their quality of life has been improving year by year. Ulziit is requesting a 1,500,000 MNT loan for their meat trading business. She hopes to continue being successful and to grow her businesses.

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
  • 1,270.1
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ulziit for capital for their meat business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 12, 2010
Nov 19, 2010
Currency Exchange Loss:
May 21, 2011