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Sersmaa D. is 53 years old and is a mother of 3 children. Sersmaa lives with her family in a ger, a traditional Mongolian nomadic tent, on her sister’s fenced lot in the Sansar district of Ulaanbaatar, a capital of Mongolia. Her husband passed away 3 years ago. Her two older daughters had finished niversity and are now working, her younger daughter is still a student.

Sersmaa was a teacher in her town. After retirement, she started her meat trading business. She began this business in 2006, and works from a rented stall in the local market. After several years of operation, Sersmaa has her own customers. She is a clever and smart woman.

Sersmaa is requesting a loan for 1,000,000 MNT to buy electricity for her home.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Sersmaa to buy electricity for home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 21, 2010
Dec 30, 2010
Currency Exchange Loss:
Oct 24, 2011