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Myagmarhajid Y. is 42, married and the mother of two. Her family has lived in a rented apartment for the last six years in Ulaanbaatar, the capital city of Mongolia. Both her children are attending an elementary school.

Since 2000, she has been selling women's underwear at Narantuul, the largest outdoor market in Ulaanbaatar. Once every month she goes to Ereen, a Chinese border town, to buy a variety of women's underwear to resell. Ereen is where many Mongolians go to buy a variety of goods and products to resell in Mongolia. Her husband Bat-Ochir is a taxi driver.

With their business profit, she was able to save for a down payment on a condominium. Her dream is to own a larger underwear shop.

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.

About Mongolia

  • $5,900
    Average annual income
  • 12
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,402.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Myagmarhajid to buy women's underwear for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 17, 2009
May 5, 2009
Currency Exchange Loss:
Dec 15, 2009