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Badamhand
Badamhand B. is a widow with two children aged 28 and 22. Her family lives in Ulaanbaatar, the capital city. In 2002, Badamhand started running a butcher stall in Huchit shonhor, the local food market. She buys sheep meat for 800,000 - 1,000,000 tugrugs ($1 USD = 1450 MNT) from the wholesale centers on a daily basis and resells all of them on same day.


Besides selling meat through the stall, she also provides a few restaurants and cafes with their daily meat needs. Her youngest son Bat-Erdene is a university student. After his classes he helps his mother's retail business. With the profit, Badamhand pays her youngest son's university tuition and she also invested in her eldest son Batbold's grocery store business. Since her business inventory has decreased she is requesting a loan to increase the inventory.

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

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,452.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Badamhand to purchase sheep meat for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2009
Listed
Jul 27, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010