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Uranchimeg L. is 40 year old and lives with her two children in Ulaanbaatar, the capital city of Mongolia. She and her children live together in a ger, a traditional Mongolian nomadic home tent. Her oldest daughter is a university student and her youngest son attends high school. Her husband has been living and working in the USA for the past 6 years.

Uranchimeg operates a bag trading business in the Sunday Plaza trade center. She sells a variety of quality products such as bags and towels that are imported from Bejin, China, out of a rented stall. She is a modest, well calculating and responsible woman. Uranchimeg is requesting a 3,000,000 MNT to purchase more varieties of bags.

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
  • 1,270.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,375 helped Uranchimeg to purchase more varieties of bags.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 30, 2010
Jan 7, 2011
Currency Exchange Loss:
Dec 15, 2012