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Mrs. Uzmee is a 64-year-old widow who lives with her son in a small house in the Bayan-Ulgii province of Mongolia. Her son, Monhjargal, age 30, works at a local company as an assistant worker. This borrower has been running an auto spare parts retail business in the local market since 2000. She is now planning to purchase bulk spare parts from Ulaanbaatar and sell them to local customers. She is requesting 1,500,000 MNT to purchase bulk spare parts to sell at retail prices. She has a good record with previous loan repayments without any delinquents at XacBank.

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
  • 1,387.9
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Uzmee to purchase bulk spare parts to sell at retail prices in the local market.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Jan 11, 2013
Currency Exchange Loss:
Oct 17, 2013