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Amgalan, 45 years old, lives with her husband and daughter in Arhangai province of Mongolia. Her husbund helps with her business and her daughter is a college student. Amgalan started her clothes trading business on rental counters in 2000. Nowadays, she owns two rental counters. Her business is sustainable and has many regular customers and suppliers. During the new session, her business demand increases. Thus, she wants to buy more products she sells in order to increase business income as well as profit. She needs 1,500,000 MNT to purchase more products from Erlian. She is a hardworking and hilarious woman who says 'My daughter will soon join to college. So I have to prepare for my daughter tuition.'

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
  • 1,342.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Amgalan to purchase more products from Erlian.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 6, 2012
Aug 12, 2012
Currency Exchange Loss:
Jul 17, 2013