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Handmaa is 49 years old and lives with her son in a ger, a Mongolian yurt, in Songinohairhan district in Mongolia. Her son is a student who manages a taxi service in his spare time.

Handmaa runs a grocery store in a rented stall at a trading center. She started her business in 2008 and is planning to expand her business. She is requesting a 1,500,000 MNT loan to purchase more inventory for her business.

She is an honest woman who says, "I want to receive a loan to expand and continue my 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
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Handmaa to purchase more inventory for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 7, 2011
Jun 30, 2011
Currency Exchange Loss:
Jul 17, 2012