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Altantsetseg is 41 years old and lives with her husband and only daughter in a house in Songinohairhan district, Ulaanbaatar, the capital city of Mongolia. Her husband, age 56, is a retired man and her daughter is a student. She manages a taxi service business in Ulaanbaatar city. She started her business in 2007.

Since then she has been able to stabilize her business and is planning to continue her business in the future. Now her monthly net profit is 330,000 MNT with daily earning of 30,000 MNT. Her husband is very supportive with her business and provides much advice on how to improve her service. Altantsetseg herself is a very hardworking and honest woman who provides safe and comfortable service to her customers. She says. "I am thankful to Xacbank for trusting me and lending me some money which helped me to improve my business." She is requesting a 2,000,000 MNT of loan to purchase some construction materials to fix her house.

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
  • 1,205.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Altantsetseg to purchase some construction materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 11, 2011
Apr 15, 2011
Currency Exchange Loss:
Dec 15, 2012