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Mrs. Anhzaya is 34 years old. She lives with her husband and son in a small house in the Bayanhoshuu district of Ulaanbaatar, Mongolia. Her husband, Dorjsuren, age 33, works at a local private company as an assistant worker. Her son, Monhtemuulen, age 14, goes to a local school.

She has been working as saleswoman in a local market for years, and now she is planning to start her own grocery store business in the spare room of her house. She is now requesting 2,000,000 MNT (Mongolian tugriks) to purchase starting inventory for her grocery store. She is a hardworking, welcoming and friendly woman.

Additional Information

More information about this loan

This loan is part of XacBank's startup loan program targeting loans to clients who are classified as very poor on the Progress out of Poverty Index (PPI). This program provides special training to startup loan recipients, and offers them an annual interest rate that is 2.4% to 3.6% lower than for standard loans. By funding this loan, you are supporting a program that helps borrowers get their businesses off the ground.

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 $1,450 helped Anhzaya to purchase starting inventory for her new grocery store business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Jan 19, 2013
Currency Exchange Loss:
Sep 17, 2014