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Mandahtuya is a 49-year-old widow who lives with her children in Hovd province of Mongolia. Her oldest son works in a mining company, while she earns a living by selling groceries. She started her business in 1989 by renting a counter in local market, and now runs a retail business in the same area. She is doing well and is very experienced in her field. She would like to begin selling goods that she gets from China and believes that she can do this because she is a strong and diligent woman whose children are now grown and independent. She is applying for a loan for 2,000,000 MNT to buy more products to sell to her customers.

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
  • 1,286.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Mandahtuya to buy more items to sell to her customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 15, 2011
Oct 25, 2011
Currency Exchange Loss:
Nov 17, 2013