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Mrs Anhmurun is 29 years old and lives with her husbund and two children in a ger in Umnugovi province, Mongolia. Her husband is a driver at a coal mine. Her son goes to secondary school and her daughter goes to a kindergarten. She is trying to start her garment retailing business at a rental counter. Her new sales location is good and her garments are relatively cheap for such products. She wants to have her own store in the future.

She's a hardworking woman who is requesting 2,000,000 MNT to purchase products. Because a new academic year is starting soon, demand for the product will increase. She says "I am starting to work to save for my children's future. They will soon go to college therefore I have to prepare for their college tuition."

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
  • 1,335.0
    Mongolia Tugriks (MNT) = $1 USD