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Odonchimeg is 41 years old and lives with her husband and two kids in a ger (Mongolian yurt) in the city of Ulaanbaatar, Mongolia. Her husband is a chauffeur and her two kids are in school. She started her grocery retail business earlier this year, and it is going so well that she decided to rent another counter in another market. She has already made arrangements for the new counter; however, she is lacking supplies to run the place. Therefore, she is requesting 1,000,000 MNT to buy more grocery products. She is a sharp and hardworking woman who says, "My children are growing so fast, and I have to work hard in order to support them and get them to college. I don't want to live like I did."

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 Odonchimeg to buy more grocery products.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 27, 2011
Nov 19, 2011
Currency Exchange Loss:
Apr 17, 2013