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Badamjav G. is 59 years old and lives with her husband and two daughters in the Gobi-Altai province of Mongolia. She and her family live in a traditional Mongolian nomadic tent called a "ger". Her older daughter is 25 years old and helps with the family business and her younger daughter is a university student. Her husband is disabled and currently unemployed.

Badamjav operates a dairy products trading business in her town. She sells a variety of local dairy products to her many customers. Badamjav started her business in 2003 and has built a stable operation over the years. She is a very hardworking woman and is focused on supporting her family. She says, “My business is our only source of income because my husband cannot work.” Badamjav hopes to soon buy a stall at the local market at which to sell her dairy products. She is requesting a 1,600,000 tugrug loan to purchase dairy products in order to increase her sales.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,401,550
    Funds lent in using Kiva
  • 1,457.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Badamjav to purchase dairy products for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 2, 2009
Dec 15, 2009
Currency Exchange Loss:
Sep 15, 2010