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Sansarmaa is 31 years old and lives with her husband and son in the Suhbaatar district, Ulaanbaatar, Mongolia. Her husband works for a private company and the son goes to kindergarden. She used to work as a teacher at the 58th secondary school. Currently, she is conducting a training center for pre-school aged children, and the monthly income is around 735,000 MNT. She has obtained loans ranging from 1,500,000-3,000,000 MNT and has been paying her debt on time. Her business is expected to be improved in the future. She is a good-hearted woman and says "I wish that all children be well-educated and enlightened." She is requesting a 5,000,000 MNT loan to purchase a hybrid car to carry children to the training center.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

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
  • 1,337.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,750 helped Sansarmaa to purchase a hybrid car to carry children to the training center.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 27, 2012
Jul 17, 2012
Currency Exchange Loss:
Nov 15, 2012