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Lhamdegmed is 51 years old and lives with her children and husband in a ger (a Mongolian yurt) in the Umnugovi province of Mongolia. Her children are both high school students. Her husband is currently unemployed.

Lhamdegmed has a business making traditional Mongolian clothes. She started her business two years ago. She is planning to expand her business and have more customers. She is a diligent and talkative woman who says "I like my business and want to expand it more. At the same time, it brings me a sufficient amount of income." She is requesting a 1,300,000 Tugrik (MNT) loan to buy materials and participate in a trade fair.

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
  • 1,291.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Lhamdegmed to buy materials and participate in a trade fair.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 15, 2011
Oct 11, 2011
Currency Exchange Loss:
Aug 16, 2012