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.
About XacBankThis 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.
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Success!! The loan was 100% repaid