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Update on Zoya

Mrs. Zoya is a 65-year-old woman who goes back and forth between Arkhangai province and Ulaanbaatar city, Mongolia. Her children got married and live apart from her. She helps her children by babysitting her grandchildren while running her business.

She sells a variety of products to Arkhangai residents and she also barters her products for meat and dairy. Soon she wants to sell that to Ulaanbaatar city customers at a higher price. Her daughter helps her to run her business and imports clothing inventory from Erlian, China and she also does that herself. She is a very hardworking and tough woman who raised all her children all by herself, after her husband passed away about a decade ago.

She is now requesting a loan of 3,000,000 MNT to purchase inventory to continue running her business successfully. She has good previous loan records at XacBank.

Previous Loan Details

Zoya, 64, lives with her daughter in a 'ger' (Mongolia yurt) in Arhangai province, Mongolia. Her husband passed away. She has 12 years of experience in mobile retailing of organic dairy products and the garment business. She has sheep and cows which are located in the countryside and she brings ... More from Zoya's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Mongolia

  • $5,900
    Average annual income
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,672.2
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Zoya to purchase inventory to continue running her business successfully.
100% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Dec 17, 2013
Jan 16, 2014
Currency Exchange Loss:
Jan 6, 2016