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Amarsaikhan is 37 years old and lives with her husband and two sons, ages 14 and 11, in the Arkhangai province of Mongolia. They live together in a ger, a traditional Mongolian nomadic tent. Both of her sons attend a local secondary school.

Amarsaikhan operates a used clothing retail business. She began her business in 1999 with a working capital of 50,000 tugrug (~35 USD). After years of hard work, determination and good business sense, her working capital now exceeds 450,000 tugrug (~316 USD). She is known to provide a wide variety of quality clothing to her customers and has a large customer base in her local market.

Amarsaikhan is requesting a 400,000 tugrug (~280 USD) loan in order to purchase more quality used clothing for her business.

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
  • 5
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,439.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Dulmaa to purchase more quality used clothing for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 13, 2009
Oct 20, 2009
Currency Exchange Loss:
Apr 15, 2010