A loan of $725 helped to buy used handbags and leather bags.


Erdenechimeg's story

Erdenechimeg S. is a single mother who lives with her son in her own house in the "ger" district in Ulaanbaatar, the capital city of Mongolia. (A ger is a traditional nomadic Mongolian home.) Since she began selling used handbags at Narantuul, the biggest outdoor market in Mongolia, she has bought a place to live and a retail stall at the Narantuul market for her brother. She is one of XacBank's (Kiva's partner microfinance institution in Mongolia) best borrowers, with a sterling credit history for the past five years. Erdenechimeg is a very responsible person. Her goal is to expand her own house. She wants this loan to buy more used handbags and leather bags (used handbags come from South Korea and are sold by the kilogram) to increase her inventory.



Loan details


Lenders and lending teams



Loan details