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Otgontsetseg is 28 years old and lives with her son, a student, in a ger ( Mongolian yurt) in Uvurhangai Province, Mongolia. Otgontsetseg operates photo studio, a business she started in 2003 by renting a workspace uptown. Well-experienced in her field, she is known as the one of the best in the province.

Now that she's operated the business for a long time, her equipment is getting old, reducing the quality of her photographs. Otgontsetseg is therefore requesting a loan of 1,000,000 MNT to buy new equipment for 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
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Otgontsetseg to buy new equipment.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 21, 2011
Oct 31, 2011
Currency Exchange Loss:
Nov 17, 2013