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Delgersaihan, 22, is married and lives with his wife and son in Uvurhangai province of Mongolia. Ther live in a ger, a Mongolian nomadic housing tent, on a small plot of land that they own. He began selling clothes out of a rented stall in 2009. His current working capital is 2,500,000 MNT. He wants to expand his business and increase his working capital. He is a hardworking and motivated person who says, " As the spring season comes, people sell their cashmere and their purchasing power increases much more. I want to make more profit and save some money in order to build a house where we can have a comfortable life." He is requesting a loan of 2,500,000 MNT to purchase more clothes 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
  • 1,193.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Delgersaihan to purchase more clothes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Mar 29, 2011
Mar 31, 2011
Currency Exchange Loss:
Jun 20, 2012