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Mrs.Tsagaanhuu is 41 years old and lives with her husband and two sons in a house in the Selenge province of Mongolia. Her husband, Borgih, helped his wife to start her own butcher shop. Her sons, Batbold, age 17 and Battuvshin, age 7, go to local schools. Mrs.Tsagaanhuu worked in South Korea until 2010 with her husband as a contract worker. She has run a small grocery store, and ran an animal pelt and meat trading business from 1994 to 2008. She has a lot of experience in business. She is now requesting 2,000,000 MNT to purchase a large amount of meat products for her butcher shop.

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
  • 1,389.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Tsagaanhuu to purchase a large amount of meat products for her butcher shop.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Feb 23, 2013
Mar 27, 2013
Currency Exchange Loss:
Feb 17, 2014