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Sugarbadam
Sugarbadam is 45 years old and lives in Dornogobi province, Mongolia. She lives in a ger, a traditional Mongolian tent. She is divorced from her husband and her four children are grown and live and work on their own.

Sugarbadam operates a tourist camp and food cafe in her town. In her tourist camp she hosts both foreign and domestic customers during the peak tourist season in the summer. Her customers are very satisfied and have a relaxing time viewing the natural beauty of Dornogobi province.

Sugarbadam started her tourism business in 2007 by renting a ger from her friend. After operating both her tourism business and her food cafe, she has enabled herself to live a better quality life. For the future, she is planning to expand her tourism business in order to help her children and their families.

Sugarbadam says, “My dream is to open a hotel in my town.” She is requesting a 2,000,000 tugrug loan to purchase new gers for her tourism business. In the photo, Sugarbadam is shown with her daughter.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,430.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Sugarbadam to purchase new gers in for her tourism business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 29, 2009
Listed
Jan 6, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010