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Altanzul is 25 years old and lives with her husband and a son in their ger (traditional nomadic tent) in Orhon province, Mongolia. Her husband runs a taxi service business in town. Her son Delgermoron studies at local school.
Altanzul used to work as a saleswoman in the local market and is now starting her own business of shoe retail based on her years of experience as a saleswoman. She is a hardworking and passionate woman who is now requesting loan of 2,800,000 MNT to purchase starting inventory for her business and support her family.

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
  • 1,740.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Altanzul to purchase starting inventory for her business and support her family.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 21, 2013
Nov 19, 2013
Currency Exchange Loss:
Dec 17, 2013