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Otgontsetseg is 32 years old and lives with her husband and two children in a house in Gobisumber province of Mongolia. Her husband works as a fireman. She manages a souvenir trading business at her store. She started her business four years ago and is planning to continue her business in the future. She purchases her products once every two weeks either from China or Ulaanbaatar city. She would like to receive loans with low interest rate. She is a responsible businesswoman who says, "My store locates near secondary school and because of it I had been able to build strong customer base." She is requesting a 3,000,000 MNT loan to purchase more inventories in order to expand her 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
  • 1,249.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Otgontsetseg to purchase more inventory to sell.
100% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Jul 22, 2011
Jul 31, 2011
Currency Exchange Loss:
Jun 20, 2012