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Altantuul M., 39 years old, lives with her two children in the Sansar district of Ulaanbaatar, the capital of Mongolia. She and her family live together in a ger, a traditional Mongolian nomadic home tent and enclosure. Her youngest daughter attends a local high school.

Altantuul operates a shoemaking business at home and sells at wholesale prices in the “Narantuul”, a market in Ulaanbaatar. Altantuul sews traditional Mongolian shoes according to her customers' orders. She started her business in 2003 and has since gained much experience as a shoemaker. Altantuul is a hardworking person and is requesting a 3,000,000 MNT loan to purchase materials and supplies 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
  • 1,230.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Altantuul to purchase materials and supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 15, 2010
Dec 30, 2010
Currency Exchange Loss:
Aug 11, 2011