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Amarbayasgalan C. is a single mother who has two sons. Her family lives in a "ger" (a Mongolian nomadic housing tent) district on the plot of land she owns in Arhangay, one of the Mongolian central provinces. Her eldest son Nyamdalai, 18, has just graduated from high school and helps his mother's tailoring business. Her youngest son Byambasuren, 15, is attending school.

Amarbayasgalan has been running a sewing business since 2006. She sews a variety of men’s and women’s apparel including Mongolian traditional dresses. Most of her clients are local residents. When she started her business her working capital was 150,000 tugrugs (1 USD=1450 MNT) but, as a result of her hard work, her capital has increased and reached 780,000 tugrugs.

Amarbayasgalan requests a loan to purchase fabrics as a raw material to increase her business inventory.

About XacBank:
Founded in 1998, XacBank is a community development bank and microfinance institution in Mongolia, and is headquartered in Ulaanbaatar. It currently serves approximately 16,000 micro-clients at 76 branches in all 21 aymags (provinces) in Mongolia, making it the largest microfinance institution in the country.

XacBank's mission is to contribute to sustainable development of Mongolia that can come only from educated and skilled people and competitive and dynamic businesses concerned equally about Planet, People, and Profit. The Bank will provide equitable access to transparent, reliable and responsive banking products and services to the Bank’s clients, including its traditional micro-entrepreneurs as well as small and medium businesses.

Your loan enables XacBank to expand its micro-loan capacity and to return a portion of the interest back to the borrower at the end of the loan term.

To learn more, please visit the XacBank website at:

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
  • 10
    View loans »
    Mongolia Loans Fundraising
  • $15,437,650
    Funds lent in using Kiva
  • 1,442.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Amarbayasgalan to purchase cotton fabrics for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 17, 2009
Jul 21, 2009
Currency Exchange Loss:
Jun 15, 2010