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Ariunaa D., 46, is married and lives with her husband and two sons in a ger, a traditional Mongolian nomadic housing tent, in Govi-Altai province of Mongolia. Her husband is a welder who specializes in making household products such as ovens, cups, spoons, forks, etc. Ariunaa manages a grocery business in her town. She started her business in 1996 as a mobile grocery business, meaning that she used to pick up orders from her customers and bring their orders to their home.

As her business became stable and profitable, she managed to open a grocery store in her town. Her two sons help with both of the family businesses. She is requesting a 3,000,000 MNT loan to purchase grocery items and metals for their businesses.

Ariunaa and her family are very hardworking people who have become well-known for their honest and excellent services. She says, "I am very thankful to Xacbank for providing me a loan necessary to opening my grocery store."

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
  • 1,211.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ariunaa to purchase grocery items and metals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 14, 2011
Apr 19, 2011
Currency Exchange Loss:
May 18, 2012