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Mrs. Urantuya is 25 years old and lives with her grandmother and brother in the Hentii province of Mongolia. Her brother works in a local company as an assistant worker. Her grandmother is disabled and stays home.

Mrs. Urantuya has been running a clothing retail business in the local market since 2006. She is well known by her customers because of her good taste in clothing selection. She is now requesting 2,000,000 MNT to purchase insulation materials to insulate her Ger (nomadic tent) in order to stay warm during the winters of Mongolia. She is a hardworking, kind, and optimistic person.

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
  • 1,387.8
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Urantuya to purchase insulation materials to insulate her ger (nomadic tent) in order to stay warm during the winters of Mongolia.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 15, 2013
Currency Exchange Loss:
Dec 17, 2013